Question 2 View Policies Current Attempt in Progress On January 1, 2022, Indigo Company issued $3,100,000 face value,7% 10-year bonds at $3,328, 149. This price resulted in a 6% effective interest rate on the bonds. Indigo uses the effective-inter method to amortize bond premium or discount. The bonds pay annual interest on each January 1. Prepare the journal entries to record the following transactions. (Round answers to decimal places, es. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually) 1. The issuance of the bonds on January 1, 2022. 2. Accrual of Interest and amortization of the premium on December 31, 2022 3 The payment of interest on January 1, 2023 4. Accrual of interest and mortization of the premium on December 31, 2023 No. Date Account Titles and Explanation Debit Jan. 1.2022 3. Jan 1, 2023 4. Dec. 31, 2023 e Textbook and Media List of Accounts Show the proper long-term liabilities balance sheet presentation for the ability for bonds payable at December 31, 2023. (Round answers to decimal places, s. 125) INDIGO COMPANY Balance Sheet (Partial) Balance Sheet (Partial) eTextbook and Media List of Accounts Provide the answers to the following questions 1. What amount of interest expenses reported for 20231 Round answer to decim Interest expens to be reported 2. The bond interest expense reported in 2023 would be the amount that would be reported if the straight-line method of amortization were used e Textbook and Media List of Accounts