A company issues $5,000,000, 6%, 10-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,320,500. a) Using effective-interest amortization, how much interest expense will be recognized in 2017? (6 points) b) Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2017 balance sheet? (5 points) c) Using straight-line amortization, how much interest expense will be recognized in 2018? [5 points) d) Using straight-line amortization, what will the carrying value of the bonds be on the December 31, 2018 balance sheet? [4 points)