The founder of Frenza asks us to assist her in accounting and analysis of the corporation's bonds, which have an annual contract rate of 8%. She wants to know the business and accounting implications of further debt issuances as she looks for ways to finance the growth of Frenza. The following Tableau Dashboard is provided to help us address her questions and provide recommendations for her business decisions. $100,000 $80,000 $60,000 $40,000 $20,000 Frenza Bond Amortization Carrying Value Unamortized Discount $0 January 1, Year June 30, Year 1 December 31, June 30, Year 2 December 31, June 30, Year 3 December 31, 1 Year 1 Year 2 Year 3 Cash & Inventory for Competing Companies $50,000 $40,000 $30,000 Frenza Lika Market Rate for Company Nelo 10% Frenza 896 696 496 296 $20,000 096 Bonds Lika Nelo $0 Cash Inventory Cash Inventory Cash Inventory Total Equity & Net Income +ableau 1. What is the premium or discount on the Frenza bonds on the issue date of January 1, Year 1? 2. Prepare the journal entry for issuance of the Frenza bonds on January 1, Year 1 Complete this question by entering your answers in the tabs below. Frenza Lika Nelo Net Income $100,000 $190,000 $85,000 Total Equity $400,000 $530,000 $275,000 Required 1 Required 2 What is the premium or discount on the Frenza bonds on the issue date of January 1, Year 17 Amount What is the premium or discount on the Frenza bonds on the issue date of January 1, Year 12 Required 2> Premium or discount? Che