GHI Corporation issued a 5-year, $1,000,000 bond with a coupon rate of 6% payable semi-annually. The market interest rate at the time of issuance was 5%. Requirements: a. Calculate the issue price of the bond. b. Prepare the journal entry to record the issuance of the bond. c. Determine the total cash interest payment for the first year. d. Calculate the carrying value of the bond at the end of the first year. e. Analyze the impact of the bond issuance on the income statement and balance sheet.