Novak Corporation sold $2,600,000, 6%, 5-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. Novak 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 105. (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 95. (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 105 selling price. NOVAK CORPORATION Balance Sheet (Partial) (2) Show the balance sheet presentation for the bond issue at December 31, 2022, using the 95 selling price. NOVAK CORPORATION Balance Sheet (Partial)