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I am struggling with the Premium on Bonds Payable and the Discount on Bonds Payable for the balance sheets. I used the amounts from the

I am struggling with the Premium on Bonds Payable and the Discount on Bonds Payable for the balance sheets. I used the amounts from the journal entries and it was incorrect.

Pharoah Company sold $3,260,000,9%,10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.

Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at102at December 31, 2022.

Dec. 31, 2022

Long-term Liabilities

Bonds Payable- 3260000

add, Premium on Bonds Payable - ?

Dec. 31, 2022

Long-term liabilities

Bonds Payable- 3260000

less, Discount on Bonds Payable- ?

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