ABC Inc. issued $2,000,000 of 5.5%,10-year bonds dated January 1 , 2023, with semiannual interest payments on January 1 and July 1 . The bonds were issued on January 1, 2023, for $1,950,000. ABC Inc's year end is December 31 . Requirement 1. How was the bond issued? Par, Discount or Premium? 2. Show all the required journal entry for year 1 . 3. Calculate the net liability that will be shown on the balance sheet for the current year. Question 5: XYZ Inc. issued on January 1,2022,$1,000,000,9% bonds at par value. The coupon rate is annual paid semi-annually. Requirement Calculate the Interest payment on and record the journal entry for the first 2 years