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150. On the first day of the fiscal year, Lisbon Co. issued $1,000,000 of 10-year, 7% bonds for $1,050,000, with interestpayable semiannually. Orange Inc. purchased the bonds on the issue date for the issue price. Prepare entries torecord the following transactions for the current fiscal year.(a)Issuance of the bonds.(b)Second semiannual interest payment.(c)Amortization of bond premium for the first year, using the straight-line method ofamortization.