2. Myriad Solutions, Inc., issued 10% bonds on January 1, 2011, with a face amount of $320 million. The bonds were issued at a price of $283,294,720 and the maturity is 10 years. The market yield for bonds of similar risk and maturity is 12%. Interest is paid semi-annually on June 30th and December 31' every year. (a) What would be the net amount of the bond liability reported on the balance sheet of Myriad Solutions on December 31s, 2011? (b) Record the journal entry for the payment of interest on June 30th, 2012 and December 31st, 2012