Scenario 2 (Discount): Bolt Corporation issues 5 -year, 5%, bonds with a face value of $20,000 on January 1,2021 . The bonds pay interest. annually on January 1 " each year. Assume the $20,000 face value bonds were issued at 95. (L.e. 95% of face value) 1. Prepare journal entries for 2021 and 2022: 2. How much is interest Expense on the 12/31/2022 income statement? 3. How much is interest Payable on the 12/31/2022 Balance Sheet? 4. What is the carrying value of the bonds each year? Complete the partial balance sheet below: 5. What is the effective interest rate on the bonds