[The following information applies to the questions displayed below.] Schlitterbahn Waterslide Company issued 32,000, 10-year, 5 percent, $100 bonds on January 1 at face value. Interest is payable each December 31. (a) The issuance of these bonds on January 1. (b) The first interest payment on December 31. Indicate the effects of the amounts for the above transactions.