I don't know how to deal with part d and part e.

On January 1, 2016, Trueman Corp. issued $500,000 of 20-year, 10% bonds for $424,768, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31 Required a. Confirm the bond issue price. (Use a calculator or Excel for your calculations. Round your answers to the nearest dollar.) Present value of principal repayment $ 48,611 Present value of interest payments 376,157 $ Selling price of bonds 424,768 $ b. Prepare journal entries to record the bond issuance, semiannual interest payment and discount amortization on June 30, 2016, and semiannual interest payment and discount amortization on December 31, 2016. Use the effective interest rate method. (Round your answers to the nearest dollar.) General Journal Description Debit Credit Date 01/01/16 Cash 424,768 0 75,232 Bond discount 0 Bonds payable 0 500,000 Interest expense 6/30/16 25,486 0 Bond discount 486 0 Cash 0 25,000 12/31/16 Interest expense 25,515 0 Bond discount 0 515 0 25,000 Cash c. Post the journal entries from part b to their respective T-accounts. Bonds Payable (L) Cash (A) Interest Expense (E) Bond Discount (XL) 0 75,232 0 01/01/16 424,768 0 01/01/16 0 500,000 01/01/16 0 01/01/16 0 0 25,486 06/30/16 06/30/16 25,000 06/30/16 06/30/16 0 0 486 0 12/31/16 0 0 12/31/16 25,000 12/31/16 0 25,515 12/31/16 515 d. Trueman elected to report these bonds in its financial statements at fair value. On December 31, 2016, these bonds were listed in the bond market at a price of 101 (or 101% of par value). What entry is required to adjust the reported value of these bonds to fair value? Description Debit Credit Date 12/31/2016 Loss due to adjustment of bonds to fair value 5,000 0 Fair value adjustment 5,000 0 e. Prepare a table summarizing the effect of these bonds on earnings for 2016. Coupon payments 55,000 Discount amortization 501 Total interest expense 55,501 Fair value adjustment (loss) (54,499) x Total effect on income (deduction) $ 110,000