Blossom, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January 1, 2024, Blossom issued 7\%, 15 -year bonds with a face value of $240,000,000. The bonds will pay interest semi-annually on June 30 and December 31. (a) Your answer is correct. Calculate the amount of cash Blossom will receive if the bonds are sold under each of the following bond alternatives: i. 7% (issued at par) ii. a price of 95.542 to yield 7.5% iii. a premium in the amount of $11,400,000 and first interest payment of $8,170,500 Prepare the journal entries to record the first interest expense for alternatives (i), (ii), and (iii) above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)