Grouper corporation sold $2,400,000 , 9%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Grouper corporation uses the straight line method to amortize bond premium or discount.

(1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 103 selling price. GROUPER CORPORATION Balance Sheet (Partial) (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 97 selling price. GROUPER CORPORATION Balance Sheet (Partial) Click if you would like to Show Work for this question: Open Show WorkPrepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 103. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1 Dec. 31 Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan, 1 Dec. 31