O Required information [The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 2,562 2 2 2 $ 2,393 7 2 2,363 $ 169 ? 188 ? Balance $ 42,734 42,565 42,387 ? 42,000 4. Were the bonds issued at a premium or a discount? If so, what was the amount of the premium or discount