Please complete the following questions

QUESTIONS straton Corporation issued $10,000,000 of 7 percent, 20-year bonds at a discoonth bonds are retired prior to maturity at 103. The book value of the bonds is $ this time Straton Corporation amortizes bond premiums using the method. effective-interest Was the contract rate on the bonds at the time of issuance greater or les thur ve market rate of interest? Explain. Prepare the journal entry to record the retirement of the bonds. Date Debit Credi Account /Explanation Assume that the bonds were redeemed at maturity. Would the total cash interest paid be different if the company used the straight-line method of amortization of premiums? Explain