Please show work as well, I am having a hard time understanding this concept. thanks.

Crane Company sold $ 3,110,000, 9%, 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 and discounts. Financial statements are prepared annually. Your answer is correct. Prepare the journal entries to record the issuance of the bonds assuming they sold at: (1) 103 and (2) 96. (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 3203300 Bonds Payable 3110000 Premium on Bonds Payable 93300 2 . 1/1/22 Cash 2985600 Discount on Bonds Payable 124400 Bonds Payable 3110000 Prepare amortization table for issuance of the bonds sold at 103 for the first three interest payments. Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Premium Amortization Unamortiz Premium Issue date $ $ $ VA 1 2 Prepare amortization table for issuance of the bonds sold at 96 for the first three interest payments. Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Unamortized Premium Bond Carrying Value $ $