Destination Express Corporation issued 5-year bonds with a par value of $5,000,000 and a contract rate of interest of 14%on January 1, 2022. Interest is to be paid semiannually on each June 30 and December 31. The bonds are issued at $5,368,035 cash when the market rate for this bond is 12%. (a) Prepare the general journal entry to record the issuance of the bonds on January 1, 2022. (b) Show how the bonds would be reported on Walker's balance sheet at January 1. 2022. (c) Assume that Walker uses the straight-line method of amortization of any discount or premium on bonds. Prepare the general journal entry to record the first semiannual interest payment on June 30, 2022