Sun City issues $52 million of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below: Cash Interest Decrease in Carrying Date Paid Expense Carrying Value Value 01/01/2021 $ 57,146,121 06/30/2021 $2,340,000 $2,285,845 $54,155 57,091,966 12/31/2021 2,340,000 2,283,679 56,321 57,035,645

Required:

1. Were the bonds issued at face amount, a discount, or a premium? Discount Premium Face amount

2. What is the original issue price of the bonds?