Coop Company 8/31/y1, $3,000,000 face value bonds are issuedfor $2,700,000 plus accrued interest. These bonds pay interest on June 30 and December 31. These bonds have a coupon rate of 5%, and are dated June 30, y1. The bonds are 20-year bonds, and as such mature on June 30, Y21. Please record the following, using the straight-line approach. This company has a December 31 year end. On March 1, y2, $1,700,000 of the bonds are retired at 102. Please record: 8/31/y1, issuance of the bonds (include accrued interest). 12/31/y1, interest payment. 3/1/y2, payment of interest for the bonds being redeemed as well as the redemption of the bonds. For credit, be sure to thoroughly show computations.