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Show all your calculations and try to complete as early as possible. Novak corp. Issued $417,000,11% 15 year bonds on december 31,2021 for $404,490.interest is

Show all your calculations and try to complete as early as possible.
Novak corp. Issued $417,000,11% 15 year bonds on december 31,2021 for $404,490.interest is payable annually on december 31. Novak uses the straight line method to amortize bond premiums or discount. Prepare the journal entry to record the payment of interest and the discount amortization on december 31,2022

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