Cullumber Company sold $3,230,000, 8%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/22 2. 1/1/22 1/1/22 Prepare amortization table for issuance of the bonds sold at 101 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date $ W Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $ Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they sold at: (1) 101 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 12/31/22 2. 12/31/22 eTextbook and Media List of Accounts Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 101 at December 31, 2022. CULLUMBER COMPANY Balance Sheet (Partial) December 31, 2022 Long-term Liabilities Bonds Payable $ 3230000 Add 4: Premium on Bonds Payable 29070 $ 3259070 Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 97 at December 31, 2022. CULLUMBER COMPANY Balance Sheet (Partial) December 31, 2022 Long-term Liabilities Bonds Payable 3230000 Less : Discount on Bonds Payable 87210 i $ 3142790