On January 1,2023 , Cullumber Corp. sold at 103,100 of its $1,000 face value, five-year, 7% non-convertible, retractable bonds. The retraction feature allows the holder to redeem the bonds at an amount equal to three times net income, to a maximum of $1,310 per bond. Cullumber has net income of $270,$373, and $444 for the fiscal years ended December 31,2023,2024, and 2025, respectively. Cullumber prepares its financial statements in accordance with ASPE. (a) Prepare the entry to record the issuance of the bonds. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) eTextbook and Media List of Accounts Attempts: 1 of 3 used (b) Using straight-line amortization, how much would the bonds be carried at on the statement of financial position for the 2023 , 2024 , and 2025 year ends