Glover Corporation issued $$2,000,000$ of $7\mathrm{.}5\%,6-$year bonds dated March $1,$ with semiannual interest payments on September $1$ and March $1.$ The bonds were issued on March $1$ at $97.$ Glover$$s year$-$end is December $31.$

a$.$ Were the bonds issued at a premium, at a discount, or at face value?

b$.$ Was the market rate of interest higher, lower, or the same as the contract rate of interest?

c$.$ If the company uses the straight$-$line method of amortization, what is the amount of interest expense Glover Corporation will show for the first year ended December $31?$ Round your answer to the nearest whole dollar.

$fill in the blank $3$

d$.$ What is the carrying value of the bonds on December $31?$ Round your answer to the nearest whole dollar.

$fill in the blank $4$