Enbries for Issuing Bonds and Amortizing Discount by Straight Line Method , the first day of its fiscal yeac ain Company issued Sissoa, OO of five yeat 9% bonds tomaceits operations ofprodeing and selog he e io ove interest rate of 10%-resulting in din Company receiving cash of SiS,286,067 ntproducts iteest is payable Matully the bona wer medanir (methe) a ournalize the entries to record the following 1 Rssuance of the bonds. 2. First senurut merest payment. The bond dscont amortization, using the straight are method, is eanbied wth the senianual interest parnet. (Rend yo r to the nered ) 3 Secend semiannual interest payment. The bond discount amortization, using the straight-line method, is combined with the semiannal Interest payment (Round your anseer to the nert dl Fora compound transaction, an amount box does not ree at an estry, leave it blank. Round vour ansees to the nearest colar. Determine the unt of the bond interest expense for the irst year E. Why ws the company able tosse the bonds for only $1526,067 ather than for the face amount of 915903.000 The maket rate of nerest