3. The bil compony twused ten-year bonds to the pulke on lakuary 1, 2014. The face vatue of the bohds was 520,000 . The bonds poy interest annually, on becember 31". The the stated interest rate is 1224. (10 pointw) Bequired: al Male the journat entry (debit and credit) for the istuance of the bonds de fanuary 1. 2014. The bonds were issued at 10ox of face value. b) Make the journal entry for interest payment at December 31, 2014. c) Redo the entry in part (a) assuming that the bonds were issued at 97% of face value. d) Part d is an essay question. Based on your entry in (c), is the stated interest rate of 12% lower or higher than the market rate of interest? Why? Answer the why part in one or 2 sentences. e) Based on your entry in (c), how much principal will be repaid on the bonds when they come due in 10 years? (Do not include interest.)