Cansat, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January 1, 2020, Cansat issued 7%, 15-year bonds with a face value of $184,000,000. The bonds will pay interest semi-annually on June 30 and December 31. Your answer is correct. Calculate the amount of cash Cansat 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 $8,740,000 and first interest expense of $6,264,050 Cash Received i. $ 184000000 ii. $ 175797280 iii. $ 192740000 Your answer is partially correct. Prepare the journal entries to record the first interest expense for the 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 O for the amounts.) No. Account Titles and Explanation Debit Credit i. Interest Expense 6440000 Cash 6440000 ii. Interest Expense 6592398 Cash 6440000 Notes Payable 152398 iii. Interest Expense Notes Payable Cash