Requirements 1. Journalize the issuance of the bonds on January 1,2020 . 2. Record the semiannual interest payment and amortization of bond discount on July 1,2020 . 3. Record the interest accrual and discount amortization on December 31, 2020 . 4. Calculate the carrying value of the bonds payable on December 31, 2022, prior to their retirement. 5. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2022. Indicate where this gain or loss will appear in the financial statements. Requirements 1. Journalize the issuance of the bonds on January 1,2020 . 2. Record the semiannual interest payment and amortization of bond discount on July 1,2020 . 3. Record the interest accrual and discount amortization on December 31, 2020 . 4. Calculate the carrying value of the bonds payable on December 31, 2022, prior to their retirement. 5. Calculate the gain or loss on the retirement of the bonds payable on December 31, 2022. Indicate where this gain or loss will appear in the financial statements