Exercise 10.10 (Algo) Accounting for Bonds Issued at a Discount: Issuance, Interest Payments, and Retirement (LO10-5, LO10-6) Mellio Corporation issued $4.8 million of 20 year, 9.5 percent bonds on July 1,2021 , at 98 interest is due on June 30 and December 3 t of each year, and all of the bonds in the issue mature on June 30,2041 . Mellilo's fiscal year ends on December 31. Prepare the folimine toumal entries. a. July 12021 , to record the issuance of the bonds. b. December 31,2021 , to pay interest and amortize the bond discount. k. June 30,2041 , to pay interest, amortize the bond discount, and retire the bonds at moturity (make two separate entries) d. What is the effect of amortizing the bond discount upon (1) annual net income and (2) annual net cash flow from operating activities. (lgnore possible income tax effects:) (if no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Enter your answers in dollars not in millions.) Complete this question by entering your answers in the tabs below. a. July 1,2021 , to record the issuance of the bonds. b. December 31, 2021, to pay interest and amortize the bond discount. c. June 30, 2041, to pay interest, amortize the bond discount, and retire the bonds at moturity (make two separate entries). Exercise 10.10 (Algo) Accounting for Bonds Issued at a Discount: Issuance, Interest Payments, and Retirement (LO10-5, LO10-6) Mellio Corporation issued $4.8 million of 20 year, 9.5 percent bonds on July 1,2021 , at 98 interest is due on June 30 and December 3 t of each year, and all of the bonds in the issue mature on June 30,2041 . Mellilo's fiscal year ends on December 31. Prepare the folimine toumal entries. a. July 12021 , to record the issuance of the bonds. b. December 31,2021 , to pay interest and amortize the bond discount. k. June 30,2041 , to pay interest, amortize the bond discount, and retire the bonds at moturity (make two separate entries) d. What is the effect of amortizing the bond discount upon (1) annual net income and (2) annual net cash flow from operating activities. (lgnore possible income tax effects:) (if no entry is required for a transaction/event, select "No journal entry required" in the first account fleld. Enter your answers in dollars not in millions.) Complete this question by entering your answers in the tabs below. a. July 1,2021 , to record the issuance of the bonds. b. December 31, 2021, to pay interest and amortize the bond discount. c. June 30, 2041, to pay interest, amortize the bond discount, and retire the bonds at moturity (make two separate entries)