Use the balance sheet equation to analyze the effects of issuing the following long-term bonds. Assume semiannual compounding and a coupon rate of 8%. Set up separate columns as necessary. Use a separate cash column.

a. $10,000,000 bonds for one year at a market interest rate of 8%.

b. $20,000,000 bonds for three years at a market interest rate of 12%.

c. $5,000,000 bonds for 10 years at a market interest rate of 4%.