Sunland Company sold $3,170,000, 9%, 10-year bands on January 1, 2022. The bonds were dated January 1, 2022, and gay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. Prepare the journal entries to record the issuance of the bands assuming they sold at: (1) 103 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation 1. 1/1/22 2. 11/22 Textbank and Media List of Accounts Prepare amartization table for issuance of the bonds sold at 103 for the first three interest payments Annual Interest Periods Interest to Be Pald Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date $ Prepare amartization table for issuance of the bonds sold at 97 far the first three interest payments. Annual Interest Periods Issue date Interest to Be Pald Interest Expense to Be Recorded Discount Amortization Unamortized Discount Discount Bond Carryine Value $ eTextbook and Media List of Accounts Prepare the journal entries to record interest expense for 2022 under both of the bond Issuances assuming they sold at: (1) 103 and (2) 97. (Credit account ticles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit No. Date 1. 12/01/22 2. 12/31/22 Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $ e Textbook and Media List of Accounts Prepare the journal entries to record interest expense for 2022 under both of the bond issuances assuming they sold at: (1) 103 and (2) 97. (Credit account titles are automatically indented when amount is entered. Do not indent manually Account Titles and Explanation Debit Credit No. 1. Date 12/31/22 2 12/31/22 e Textbook and Media List of Accounts Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 103 at December 31, 2022 SUNLAND COMPANY Balance Sheet (Partial) Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 97 at December 31, 2022. SUNLAND COMPANY Balance Sheet (Partial) e Textbook and Media List of Accounts