Question 20 2.5 pts Use the following Information to answer the following three items: On January 1, 2020, Arlington Company issued 10-year, $500,000,8% bonds at 97. Interest is payable on July 1st and January 1st. The company uses the straight-line method to amortize any bond discount or premium. First: The entry to record the issuance of the bonds on January 1, 2020, should include All of these are correct O Debit Discount on Bonds Payable 15,000 Debit Cash $500,000 Credit Bonds Payable $485,000 Question 21 2.5 pts Second: Interest expense recorded on December 31st, 2020 (for the second coupon) would be Question 22 2.5 pts Question 21 2.5 pts Second: Interest expense recorded on December 31st, 2020 (for the second coupon) would be Question 22 2.5 pts Third: Assume that on January 1, 2028 (eight years later), Arlington Company called and retired all of the bonds at 102. The unamortized balance of the discount on bonds was $3,000 on that date. What would the loss on retirement of bonds be