14-1 On 1/1/2017 Boston Enterprises issues semiannual interest bonds. The bonds have a $4,000,000 par value, mature in 20 years, and pay 8% interest annually. The bonds are sold at par. 1. How much interest will Boston pay (in cash) to bondholders every six months? 2. Prepare journal entries to record : (a) the issuance of bonds on January 1, 2017; (b) the first interest payment on June 30, 2017; and (c) the second interest payment on December 31, 2017. 3. Prepare journal entry for issuance assuming the bonds are issued at (a) 96 and (b) 106