ISSUANCE OF BOND AND AMORTIZATION OF PREMIUM ACC 201 (based on Appendix 10A) Assume that the Wildcat Corporation needed funds for a building expansion and issued bonds of $100,000 on January 1, 2018The bonds carry a contractual interest rateof 6% per year, paid annually on December 31, and are due in five years (December 31, 2022). The market rate of interest at the date of issuance is 5%. The bonds were issued at a premium for $104,330. Entry for issuance of bonds on January 1,2018: Amortization Table (straight-line interest rate method): (CR) CASH AMORT OF INTEREST UNAMORTIZED CARRYING DATE 1/1/2018 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 Entry to record payment of interest and amortization of premium at 12/31/2018 and 12/31/2019. INTEREST PREMIUM EXPENSE PREMIUM VALUE 4,330 $104,330 6,000 Prepare the journal entry on December 31, 2022 when Wildcat Corporation retires the bonds payable. If Wildcat Corporation retires the bonds early (pays them off) on 1/1/2020 for $104,000, compute the gain or loss and make the necessary journal entry