Please help with the question below. And if you don't mind please explain as well because i'm confused with it.

Thank you in advance for your help.

uestion 4 ew Policies ow Attempt History Irrent Attemptin Progress Ivanhoe Company sold $3,130.000, 7%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums discounts. Financial statements are prepared annually. (a) Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 98. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. 1/1/22 Cash 3,161,300 Bonds Payable 3,130,000 Premium on Bonds Payable 31300 Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 101 and (2) 98. (Credit account titles are automatically indented when amount is entered No. Date Account Titles and Explanation Debit Credit 1/1/22 Cash 8,161,300 Bonds Payable 3,130,000 Premium on Bonds Payable 31300 1/1/22 Cash 3,067 400 Discount on Bonds Payable 62,600 Bonds Payable 3,130,000 Prepare amortization table for issuance of the bonds sold at 101 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value Issue date $ $ $ 1 219,100 2 219,100 3 219,100 Prepare amortization table for issuance of the bonds sold at 98 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $ $ $ $ 1 219,100 2 219.100 219.100