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Please help! I will give thumbs up! Thanks! On January 1,2020 , Bronson Corporation issued five-year, 8% bonds payable with a face value of $2,900,000.

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On January 1,2020 , Bronson Corporation issued five-year, 8% bonds payable with a face value of $2,900,000. The bonds were issued at 93 and pay imterest on January 1 and July 1 . Bronson amortizes bond discounts using the straight-ine methed. On December 31, 2022, Bronson retired the bonds earty by purchasing them at a market price of 94 . The company's fiscal year ends on December 31. Read the tequirements. Requirement 1. Joumalize the issuance of the bonds on January 1, 2020. (Record debits first, then credtes, Exclude expianations from any journal entries.) Requirements 1. Joumalize the issuance of the bonds on January 1, 2020 . 2. Record the semiannual interest payment and amartization of bond dscount on July 1,2020 . 3. Record the interest acersal and discount amortization on December 31, 2020. 4. Calculate the carrying value of the bonds payable on December 31,2022 , prior to their retirement. 5. Calculase the gain or loss on the retirement of the bonds payable on December 31, 2022. Indicate where this gain or loas will appear in the financial stalements

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