On June 30, 2020. Oriole Limited issued $6 million of 20-year, 10% bonds for $6,552,054, which provides a yield of 9%. The company uses the effective interest method to amortize any bond premium or discount The bonds pay semi-annual interest on June 30 and December 31 Prepare the journal entries to record the following transactions: (Round answers to decimal places, e.g. 5,275. 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 for the amounts.) 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 The payment of interest and the amortization of the premium on December 31, 2021 3. 4 What amount of interest expense is reported for 2020? Interest expense to be reported s eTextbook and Media List of Accounts What is the total cost of borrowing over the life of the bond? (Round answer to O decimal places, eg. 5,275.) Total cost of borrowing over the life of the bond $ eTextbook and Media List of Accounts Save for Later Last saved 49 minutes ago. Attempts: 0 of 3 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes