On July 1,2024 , Sunland Corp. issued $4.18 million of 10 -year, 5% bonds at $4,521,745. This price resulted in a 4% market interest rate on the bonds. The bonds pay semi-annual interest on July 1 and January 1 , and Sunland has a December 31 year end. (a) Your answer is correct. Record the issue of the bonds on July 1, 2024. (List debit entry before credit entry. 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.) SUNLAND CORP. Bond Premium Amortization Table Effective Interest Method-Semi-Annual Interest Payments 5% Bonds Issued at market rate of 4% e Interest Payment Interest Expense Premium Amortization 1,2024 1,2025 1,2025 1,2026 1, 2026 1, 2027 1, 2027 1,2028 1, 2028 Bond Carrying Amount \( \$ \longdiv { 4 5 2 1 7 4 5 } \) eTextbook and Media List of Accounts