Question 3. On March 1, 2020, Gill Management Ltd. issues a 8,5%, 20-year bond payable with a maturity value of $5,000,000. The bonds pay interest on Feb 28 and Aug 31. Gill Management Ltd. amortizes premiums and discounts by the effective interest rate method. (NOT straight line) a. Assume that the issue price of the bonds is 97.00. Is this issued at a discountor at a premium? b. Journalize the issuance of the bonds on Mar 1, 2020. C. Journalize the payment of interest and amortization of the discount or the premium on Aug 31, 2020. d. Journalize the accrual of interest and amortization of the discount on Dec 31, 2020, the company's year end. (4 months of interest accrual)