35. On 1/1/2008, ABC Company issues 10-year, 8% bonds with a face value of $100,000. The bonds mature on December 31, 2017. Interest will be paid semi-annually on June 30, and December 31. On the issue date, the bonds were priced on the market to yield 12% per year, compounded semi- annually. Prepare all journal entries for the year ended December 31, 2008. What will be the value of the bond liability that will be reported on the balance sheet as of December 31, 2008? Show work