Question: Paris Electric sold $3,350,000, 12%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 103. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.