Current Attemptin Progress Crane Company sold $3,110,000,9%, 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. Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 96. (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 Cash TI 3203300 Bonds Payable 3.110,000 93,300 Premium on Bonds Payable 2. 1/1/22 2985600 Cash Discount on Bonds Payable 124400 3110000 Bonds Payable Prepare amortization table for issuance of the bonds sold at 103 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 N w Prepare amortization table for issuance of the bonds sold at 96 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