ed Problem: Module 3 Textbook Problem 6 Learning Objectives: . 3-6 Using the straight-line method show how bonds issued at a discount affect financial statements .3-7 Using the straight-line method show how bonds issued at a premium affect financial statements Required For each of the following situations, calculate the amount of bond discount or premium, if any. (Do not round intermediate calculations.) a b C d Gray Co issued $57,000 of 6 percent bonds at 103 1/2 Bush, Inc. issued $98,000 of 10-year, 6 percent bonds at 97 1/2 Oak, Inc. issued $203,000 of 20-year, 6 percent bonds at 101 Willow Co. issued $146,000 of 15-year, 7 percent bonds at 97.