hey chegg, the correct answer for 2 is $23250 and for 3 is $7010. could you lease expalin how to approach to the answer?

2. Liebler Company sold 9% bonds with a par value of $500,000, with a maturity of ten years on January 1, 2014 for $485,000. Interest is paid on January 1 and July 1 and straight-line amortization is used. The company's Interest expense recorded on July 1,2014 will be: 3. Jordan Company issued 8% bonds with a face value of$200,000 on January 1, 2014. The bonds sold for $239,600 and will mature in 20 years. Interest is to be paid semiannually on July 1 and January 1. If the company uses the straight-line method of amortization, determine the interest expense on July 1, 2014