A company issues 6%, 5 year bonds with a par value of $800,000 and semiannual interest payments. On the issue date, the annual market rate of interest is 8%. Round calculations to the nearest dollar. The following information is taken from present value tables: Present value of an annuity for 10 periods at 3% 8.5302 Present value of an annuity for 10 periods at 4% 8.1109 Present value of 1 due in 10 periods at 3% 0.7441 Present value of 1 due in 10 periods at 4% 0.6756 1) Compute the issue (selling) price of the bonds. 2) Prepare the journal entry for the issuance of the bonds. 3) What is the amount of interest expense for the first semiannual interest payment (make sure you include any interest from the amrtization of any bond or premium)