Sunland Company sold $3,280,000, 10%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually. (a) Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 96. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/22 Cash 3,312,800 Bonds Payable 3,280, Premium on Bonds Payable 32, 2. 1/1/22 Cash 3,148,800 Discount on Bonds Payable 131,200 Bonds Payable 3,280, (b) Prepare amortization table for issuance of the bonds sold at 101 for the first three interest payments. Annual Interest Periods Issue date Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Una PI $ $ $ $ 1 2 3 Prepare amortization table for issuance of the bonds sold at 96 for the first three interest payments. Annual Interest Periods Issue date Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Una D $ $ $ $ 1 2 3 (b) Prepare amortization table for issuance of the bonds sold at 101 for the first three interest payments. Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value $ $ Prepare amortization table for issuance of the bonds sold at 96 for the first three interest payments. Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value $ $ $