On June 30, 2020, Cullumber Company issued $5,840,000 face value of 13%, 20-year bonds at $6,279,340, a yield of 12%. Cullumber uses the effective-interest method to amortize band premium or discount. The bonds pay semiannual interest on June 30 and December 31 (a) Prepare the journal entries to record the following transactions. (Round answer to O decimal places, 28, 38,548. If no entry is required, select "No Entry"for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) (2) The issuance of the bonds on June 30, 2020. The payment of interest and the amortization of the premium on December 31, 2020. The payment of interest and the amortization of the premium on June 30, 2021 (3) (4) The payment of interest and the amortization of the premium on December 31, 2021 Date Account Titles and Explanation Debit Credit June 30, 2020 December 31, 2020 I June 30, 2021 December 31, 2021 I Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2021, balance sheet. (Round answers to decimal places, e.g.38,548.) Cullumber Company Balance Sheet December 31, 2021 $ $