DEF Corporation issued $500,000 of 5% bonds payable at 98. The bonds mature in 5 years and pay interest semi-annually. Requirements: a. Prepare the journal entry to record the issuance of bonds payable by DEF Corporation. b. Calculate the total cash received from the issuance. c. Determine the premium or discount on issuance. d. Prepare the journal entry to record the first interest payment. e. Analyze the impact of the bond issuance on the income statement and balance sheet.