12 points Save Arw Company issued bonds with a face value of $500,000 on July 1, Year1. The bonds pay interest semi-annually on June 30 and December 31. The bonds have a stated annual interest rate of 4% No special accounting elections were made for this bond. Company received $402.000 for the bonds when the market rate of interest was 6%. At December 31, Year1, the fair market value of the debt was $410,000 (You do not need to know the maturity date on the bonds to solve this problem) Show your answers at the top of the answer box, clearly labeled. Show your work after that- and label the work as well. Round dollar values to the nearest dollar A. Compute the amount of the semi-annual interest payment paid by Company to to the bondholders on December 31, Year1. NOTE: This is the first interest payment as the bonds were purchased 6 months earlier on July 1. B. Compute the interest expense recorded by Company on December 31, Year1 as part of the entry to record the first payment of interest C. At what amount will the bond be presented on the balance sheet at 12/31 Year17 (Give me a number or show a computation. If multiple accounts are presented together, show me each account and the final balance sheet valuation.) D. Compute the interest expense recorded by Company on June 30, Year2 as part of the entry to record the second payment of interest