5. Bonds Payable: On January 1, 2021, a large corporation issued bonds with a face value of $8 million and an annual interest rate of 3%, paid semi-annually on June 30 and December 31, and will reach maturity on December 31, 2031. On January 1, 2021, the bonds were issued at 91.82 to a market rate of 4% 1. Calculate the proceeds on the issuance of the bonds. 2. Complete the bond amortization table from Jan 1, 2021 to June 30, 2021. Interest Interest Discount Discount Carrying Amount Payments Expense Amortization Balance Jan 1. 2021 Uune 30 2021 3. Record the issuance of bonds on Jan 1, 2021 Accounts Debit Credit 4. Show the journal entry the interest payment and expense on Jun 30, 2021 4. Show the journal entry the interest payment and expense on Jun 30, 2021, Accounts Debit Credit