On January $1,2021,$ Shay Company issues $$380,000$ of $9\%,15-$year bonds. The bonds sell for $$369,550,$ Six years later, on January $12027,$ Shay retires these bonds by buying them on the open market for $$399,950$All interest is accounted for and paid through December $31,2026,$ the day before the purchase. The straight$-$line method is used to amortize any bond discount $1.$ What is the amount of the discount on the bonds at issuance $?2.$ How much amortization of the discount is recorded on the bonds for the entire period from January $1,2021,$ through December $31,2026?3.$ What is the carrying $($book$)$ value of the bonds as of the close of business on December $31,2026?4.$ Prepare the journal entry to record the bond retirement Complete this question by entering your answers in the tabs below.