Exercise 7-18A (Algo) 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.) a. Gray Co. issued $62,000 of 6 percent bonds at 103 1/2 Premium b. Bush, Inc. issued $93,000 of 10-year, 6 percent bonds at 97 1/2. Discount C. Oak, Inc. issued $166,000 of 20-year, 6 percent bonds at 103. Premium d. Willow Co. issued $136,000 of 15-year, 7 percent bonds at 96. Discount