Alfa company issues exist20,000,000, 7.8%, 20-year non-convertible to yield 8% on January 1, 2007. Interest is paid semi-annually on July 1 and Jan 1. The proceeds from the bonds issue are exist19, 604, 145. Alfa Company allocates interest and unamortized discount or premium on effective interest rate method. a. Calculate the interest expense will be recognized in the Income Statement for the year ended 2007? b. Calculate the carving value of the bonds be on the December 31, 2007 balance sheet? c. Calculate the Total Borrowing Cost for Alfa Company throughout the entire bond contract from 1 January 2007 to 1 January 2027