On December 31, Coffey Company issued $375,000 of 15-year, ten percent bonds payable for 5439,725, yielding an effective interest rate of eight percent. Interest is payable semiannually on June 30 and December 31. Determine the financial statement effect of: (a) the issuance of the bonds (b) the first semiannual interest payment and premium amortization (effective interest method) on June 30 (c) the second semiannual interest payment and premium amortization on December 31 Round amounts to the nearest dollar Balance Sheet Liabilities Ox Equity 0 Revenues Net Income Transaction a. Bond issuance b. First interest payment and premium amortization Second Interest payment and pemium amortization Assets OX OX OX Income Statement Expenses O Ox OX OX > XX 0 OK OX O OX ON Check