Show the proper long-term liabilities balance sheet presentation for the liability for bonds payable at December 31, 2021.

Problem 15-09A a-c (Part Level Submission) On January 1 2020, Blossom Company issued $2,000,000, 6% 10-year bonds at $2 154,435. This price resulted in a s effective interest rateon the bonds. Blossom uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on each January 1 Your answer is correct. Prepare the journal entries to record the following transactions. (Round answers to O decimal places, e.g. 15,250. Credit account titles are automatically indented when amount is entered. Do not indent manually (1) The issuance of the bonds on January 1, 2020. (2) Accrual of interest and the amortization of the premium on December 31, 2020. (3) The payment of interest on January 1, 2021 (4) Accrual of interest and amortization of the premium on December 31, 2021. No. DateAccount Titles and Explanation Debit Credit (1) Jan. 1, 2020 Cash 2,154,435 Premium on Bonds Payable 154435 Bonds Payable 2,000,000 (2) Dec. 31, 2020 Interest Expense 107722 Premium on Bonds Payable 12278 Interest Payable 120000 (3) an. 1, 2021 interest Payable 120,000 (4) Dec. 31, 2021 |Interest Expense 107108 Premium on Bonds Payable 12,892 Interest Payable 120,000 Click if you would like to Show Work for this question:Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 11 of 15 used Your answer is partially correct. Try again. Show the proper long-term liabilities balance sheet presentation for the liability for bonds payable at December 31, 2021. (Round answers to O decimal places, e.g 15,250. Enter account name only and do not provide descriptive information.) Blossom Company Balance Sheet (Partial) December 31, 2021 Bonds Payable 2,000,000 Add l. Premium on Bonds Payable 1880000 154435 Click if you would like to Show Work for this question: Open Show Work