5. On January 1, 2011, Ouachita Airlines issued $400,000 of its 20-year, 8% bonds. The bonds were priced to yield 10%. Interest is payable semiannually on June 30 and December 31. Ouachita Airlines records interest at the effective rate and elected the option to report these bonds at their fair value. On December 31, 2011, the fair value of the bonds was $335,000 as determined by their fair value in the over-the-counter market. Required: a) Determine the price of the bonds at January 1, 2011, and prepare the journal entry to record their issuance Show calculations. b). Prepare the journal entry to record interest on June 30, 2011 (the first interest payment). Show calculations.c). Prepare the journal entry to record interest on December 31, 2011 (the second interest payment). Show calculations