Monty Corporation sold $2,550,000,8%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Monty Corporation uses the straight-line method to amortize bond premium or discount. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2022. assuming that the bonds sold at 107. (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 e Textbook and Media List of Accounts Prepare journal entries to record the issuance of the bonds and bond interest expense for 2022, assuming that the bonds sold at 99. (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 (1) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 107 selling price. MONTY CORPORATION Balance Sheet (Partial) $ $ (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 99 selling price. MONTY CORPORATION Balance Sheet (Partial) Textiek and Media