Stein Corporation issued a $2,400 bond on January 1, year 1. The bond specified an interest rate of 7 percent payable at the end of each year. The bond matures at the end of year 3. It was sold at a market rate of 9 percent per year. The following schedule was completed: Use Table 9C1. Table 9C 2. January 1, year 1 (issuance) December 31, year 1 December 31, year 2 December 31, year 3 Required: Cash Paid Interest Expense Amortization Carrying Amount ? $ 37 $2,278 ? 40 44 1. What was the bond's issue price? (Round "PV factor" to 4 decimal places. Round the final answer to the nearest whole dollar.) Issue price $ 2,278 2-a. Did the bond sell at a discount or a premium? O Discount Premium 2-b. How much was the premium or discount? Discount $ 122