4. A company issued 10-year, 12% bonds, with a par value of $500,000 when the market rate was 11.0%. The issuer received $530,000 in cash proceeds. The interest is paid semiannually. The issuer uses straight line amortization for discounts and premiums. a. Is this bond being issued at face value, a discount, or a premium? b. On the first semiannual interest date, what amount of cash should be paid to the holders of these bonds for interest? c. Journalize the issuance of the bonds. d. Journalize the first interest payment. e. What is the carrying value of the bonds at the end of the 6th year?