Exercise 7-18 Determining the amount of bond premiums and discounts LO 7-8, 7-9 Required For each of the following situations, calculate the amount of bond discount or premium, if any. (Do not round intermediate calculations.) Disc Gray Co. issued $68,000 of 6 percent bonds at 101 1/2 Bush, Inc. issued $96,000 of 10-year. 6 percent bonds at 94 1/2. Oak, Inc. issued $245,000 of 20-year, 6 percent bonds at 102. Willow Co. issued $111.000 of 15-year 7 percent bonds at 95. Discount