Franklin, Inc., issued $$680,000$ of $5-$year, $6$ percent bonds payable on January $1.$ Franklin, Inc., pays interest each January $1$ and July $1$ and amortizes any discount or premium by the straight$-$line

method. Franklin, Inc., can issue its bonds payable under various conditions:

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b$.$ Record the payment of semiannual interest when the bonds are issued at a price of $$630,000$ and the market rate was above $6$ percent. $($Round to the nearest whole number.$)$

c$.$ Record the issuance at a price of $$740,000$ when the market rate was below $6$ percent.

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a$.$ Issuance at par value

b$.$ Issuance at a price of $$630,000$ when the market rate was above $6$ percent

c$.$ Issuance at a price of $$740,000$ when the market rate was below $6$ percent