Crane issued $7\%,15-$year bonds with a face value of $$152,000,000.$ The bonds will pay interest semiannually on June $30$ and December $31.$ Calculate how much cash crane will receive with:

$1)7\%$ issued at par

$2)$ a price at $95\mathrm{.}542$ to yield $7\mathrm{.}5\%$

$3)$ premium in the amount of $7220000$ and first interest expense of $5,174,450.$

Prepare the journal entries to record the first interest expense for all alternatives.