INSTRUCTIONS: Determine the requirement for the case. Use a 10-column worksheet for the solution. (5 points x 2 items) On January 1, 2X19, ABC issued 9% bonds with a face value of P500,000 for P469,280 to yield 10%. The bonds' date is the same as its issuance date. It pays interest annually. Using the given information, answer the following items: 1. What is the amount of discount on the issuance date? 2. Prepare the journal entries to record interest expense on December 31, 2X19