Bonds payable (15 points) 12. Entity I sold $2 million of 5-year, 6% bonds to investors at 103 on January 1, 2020. The bonds pay interest annually on December 31 of each year. Part A (6 points) Make the journal entry to record the issuance of the bonds on January 1. Part B (6 points) Make the journal entry to record the first annual interest payment on December 31, 2020. Part C (3 points) What is the carrying value (amount) of the bonds after the first annual interest payment? Prepare a partial balance sheet showing the bonds payable