Yung Corporation sold $3,160,000, 7%, 5-year bonds on January 1, 2014. The bonds were dated January 1, 2014, and pay interest on January 1. Yung Corporation uses the straight-line method to amortize bond premium or discount. Prepare all the necessary journal entries to record the issuance of the bonds and bond interest expense for 2014, assuming that the bonds sold at 103. Prepare journal entries to record the issuance of the bonds and bond interest expense for 2014, assuming that the bonds sold at 97. Show the balance sheet presentation for the bond issue at December 31, 2014, using the 103 selling price. Show the balance sheet presentation for the bond issue at December 31, 2014, using the 97 selling price