Billy's Hamburgers issued $6\%,10-$year bonds payable at $95$ on December $31,2024.$ At December $31,2026,$ Billy reported the bonds payable as follows:

$($Click the icon to view the bonds payable.$)$

Billy's pays semiannual interest each June $30$ and December $31.($Assume bonds payable are amortized using the straight$-$line amortization method.$)$

Read the requirements.

Requirement $1.$ Answer the following questions about Billy's bonds payable:

a$.$ What is the maturity value of the bonds?

b$.$ What is the carrying amount of the bonds at December $31,2026?$

c$.$ What is the semiannual cash interest payment on the bonds?

d$.$ How much interest expense should the company record each year?