ork #9 (Chpt 10) Question 5 (of 7) 2.14 points E10-9 Indicating the Effects of a Premium Bond Issue and Interest Payment on the Financial Statements (LO 10-3] Grocery Corporation received $321,703 for 11.50 percent bonds issued on January 1, 2015, at a market interest rate of 8.50 percent. The bonds had a total face value of $269,000, stated that interest would be paid each December 31, and stated that they mature in 10 years. Required: Complete the following table for each account by indicating (a) whether it is reported on the Balance Sheet (B/S) or Income Statement (VSk, (b) the dolar amount by which the account increases, decreases, or does not change (0) when Grocery Corporation issued the bonds; and (c) the direction of change in the account lincrease, decrease, or no change) when Grocery Corporation records the interest payment on December Account (b) Issuance (c) Interest Paid Bonds Payable Discount on Bonds Payable Interest Expense Premium on Bonds Payable