Problem Three: On January 1, 2022, The Justice League issued $100,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at .96768 to yield an annual return of 10%. Required: Are the bonds issued at face value, a discount, or a premium? At date of issuance, is the market rate higher, lower or equal to the stated rate of 9%? Prepare the journal entries to record the issuance of the bond on January 1 and interest expense on June 30, 2022. Date 1/1/22 A L SE Date 6/30/22 R E NI CF Account DR CR