Exercise 3-Another look at a bond amortization schedule: Saul Goodman Inc. issued bonds, for which the CFO created an amortization schedule. Alas, in an encounter with a couple of thugs, a few items in the amortization schedule went missing. The CEO of the company, Saul, needs your help in reconstructing the amortization schedule below Date 01/01/2016 Net book value of the bond 37.290 Cash Payment Interest expense Discount Premium 2/31/2016 $2,000 $2,610 12/31/2017 $2,000 12812018 2/31/2019 $40,000 Required: (a) Was the bond issued at a discount, premium, or par? Explain b) What was the discount/premium balance on January 1,2016 (c) What is the face value of the bonds? d) Based on your answer to (c) and additional information in the table, what is the coupon rate (c) What was the market interest rate used in creating the amortization schedule? Round to the nearest percent. tFill out the missing values. Round all values to the nearest dollar. (g)Provide all the journal entries Saul Goodman Inc. recorded in 2016