8 9 points A 10-year, $8,000,000, 7% bond was issued on January 1, 2017 for $8,597,840, a price to yield 6%. The bond pays interest semiannually. a. Prepare the journal entry to record the issuance of the bond. b. Using the effective interest method, calculate the interest expense to be recorded on June 30 and December 31, 2017. Journal entries are not required. Round your calculations to the nearest dollar