Can-Ed University, which is owned by a group of Canadian universities and colleges, issued bonds to finance the construction of an overseas campus in China. Can-Ed issued 6% 20-year bonds with a face value of $110,000,000. The bonds will pay interest semi-annually.

i.	6% (issued at par)
ii.	6.5% (issued at 94.448)
	iii.5.5% (issued at 106.02) Prepare the journal entry Can-Ed would record at the time of the issuance of the bonds under each of the alternative yields. Also prepare the journal entries to record the interest expense for the first two periods under each alternative