Question 2 Blossom Electric sold s7.20 milion of 10%, 10-year bonds an January 1, 2017. The bends weta dated January 1, 2017, and pad taret an aary The n sald at 99 Prepare the journal entry to record the issuance of the bands on January 1. 2017. (Credit account tItles are autonmaticaly ndented when theaount entered, Do not indent manually. If na entry ie required, select"No Entry for the accaunt titles and entero far the amaunts Study Date Account Titles and Explanation Delit Credit Jan 1, 2017 Cash 712000o Notes Payable 7128000 Assume that et December 21, 2017, 59,600 of the discount has been amortized Show the talence sheet presentaton of he ronmet aity Dwo L7 (Round answers to O decimal places, e.g. 5,275,) BLOSSOM ELECTRIC Balance Sheet (Partial) December 31, 2017 Cument Liabiites