1.ABC Inc. issued $10,000,000 worth of bonds on January 1s, 2018. The bonds mature on December 31st, 2027 and carry a coupon rate of 6% payable semi-annually on June 30th and December 31st of each year. A market interest rate of 8% was effective throughout 2018. a) Were the bonds issued at a premium or a discount? b) Prepare all journal entries required during 2018. c) Assume that on January 1t 2019, ABC decided to retire half of the bonds for $4,800,000 in cash. Prepare the required journal entry. General Journal Date Account Titles and Explanation Debit