please answer part c

Exercise 14-9 (Part Level Submission) On June 30, 2017, Windsor Company issued $4,800,000 face value of 13%, 20-year bonds at $5, 161, 102, yield of 12%. Windsor uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31 a (a) Your answer is correct. Prepare the journal entries to record the following transactions. (Round answer to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when amount is entered. Do not in dent manually.) () The issuance of the bonds on June 30, 2017. (2) The payment of interest and the amortization of the premium on December 31, 2017 (3) The payment of interest and the amortization of the premium on June 30, 2018. (4) The payment of interest and the amortization of the premium on December 31, 2018. Debit No. Date Acceunt Titles and Explanation Credit Cash (1) June 30, 2017 5161102 Premium on Bonds Payable 361102 Bonds Payable 4800000 (2) December 31, 2017 Interest Expense 309666 Premium on Bonds Payable 2334 Cash 312000 (3) June 30, 2018 Interest Expense 309526 Premium on Bonds Payable 2474 Cash 312000 (4) December 31, 2018 Interest Expense 309378 Premium on Bonds Payable 2622 312000 Cash (b) Your answer is partially correct. Try again Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2018, balance sheet. (Round answers to 0 decimal places, e.g. 38,548.) Windsor Company Balance Sheet December 31, 2018 Total Long-term Investments Bonds Payable 4800000 Premium on Bonds Payable 353672 Book Value of Bonds Payable 5153672 Click if you would like to Show Work for this question: Open Show Work sHoW LIST OF ACCOUNTS SHOW SOLUTI0N SHOW ANSWER Attempts: 3 of 3 used (c) Provide the answers to the following questions. (1) What amount of interest expense is reported for 2018? (Round answer to 0 decimal places, e.g. 38,548.) Interest expense reported for 2018 (2) Will the bond interest expense reported in 2018 be the same as, greater than, or less than the amour that would be reported if the straight-line method of amortization were used? bnt | the amount that would be reported if the straight- The bond interest expense reported in 2018 will be line method of amortization were used. (3) Determine the total cost of borrowing over the life of the bond. (Round ans wer to 0 decimal places e.g. 38,548.) Total cost of borrowing over the Ife of the bond (4) Will the total bond interest expense for the life of the bond be greater than, the same as, or less than the total interest expense if the straight-line method of amortization were used? The total bond interest expense for the life of the bond will be line method of amortization were used. the total interest expense if the straight- Click if you would ike to Show Work for this question: Open Show Work