Sunland Electric sold 3,000,000,8%,10-year bonds on January 1,2020 . The bonds were dated January 1 and pay interest annually on January 1. Sunland Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 102. Prepare the journal entry to record the issuance of the bonds on January 1,2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare a bond premium amortization schedule for the first 4 interest periods. Prepare the journal entries for interest and the amortization of the premium in 2020 and 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Show the statement of financial position presentation of the bond liability at December 31, 2021. (Enter account name only and do not provide descriptive information.)