Suppose Northwest Arilines insued $80,000 of 11%, fve-year bonds when the maket interest raso is 18%. The market proe of the bonds droos, and Southwest recerves 561,900 when the bonds are issued The traneaction was recorded as follows: (Click the ioon to view the traneaction.) Northwests joumal ontries to tecord interest expense and amectize the bond discount in the frst year follows: (Click, the icon to view the joumal entries.) At Decenber 31, 2021, Northwest's bond accounts appear as follows: Transaction (Click the loon lo viow the accounts.) What would Northwest Airlines' 2021 income statement and yoar-ond babance sheet report for these bonds? Journal entries Accounts