Exercise4 On January 1, 2021, Schultz Corporation issued $100,000 of its ten-year, 6% bonds payable at $98,000. The bonds were dated January 1, 2021, and interest is paid each December 31. Requirements: a. Give the entry for the sale of the bonds. b. Give the entry to record the first interest payment. Assume straight-line amortization and no adjusting journal entries were made during the year.