Current Attempt in Progress On June 30, 2020, Blossom Company issued $3,660,000 face value of 13%, 20-year bonds at $3,935,340, a yield of 12%. Blossom uses the effective interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 (a) Your answer is correct Prepare the journal entries to record the following transactions, (Round answer to O decimal places, s. 38,548. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when amount is entered. Do not indent manually) (1) The issuance of the bonds on June 30, 2020 (2) The payment of interest and the amortization of the premium on December 31, 2020 (3) The payment of interest and the amortization of the premium on June 30, 2021. (4) The payment of interest and the amortization of the premium on December 31, 2021 Your answer is partially correct. Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet. (Round answers to decimal places, e.g. 38,548.) Blossom Company Balance Sheet December 31, 2021 Long-term Liabilities Bonds Payable $ 3660000 Premium on Bonds Payable 1999 Book Value of Bonds Payable $ 3661999