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3. (12 points) Radiant Corporation issued 53,000,000 face value 7 percent 5 -year bonds on 1/1/22. The bonds pary interest semiannually and were sold to

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3. (12 points) Radiant Corporation issued 53,000,000 face value 7 percent 5 -year bonds on 1/1/22. The bonds pary interest semiannually and were sold to yield 8 percent. The bonds were parchased by Sunshine, toc. a. What is the issuance price of the bond? b. Prepare the cutry that Radiant would make to record the issuance of the bonds. c. Prepare the entry Radiant Comporation would make to record the second interest payment. d. Record the entry Radiant Comporetion would make to record the retirement of the bond at its maturity date. e. Prepare the entry that Sunshine would make to record the purchase of the bonds. f. Prepare the entry Sunshine would make to record the second interest payment

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