I need the answer to #5 only

On July 1, Year 1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $3,700,000 of 7-year, 8% bonds at a market (effective) interest rate of 10%, receiving cash of $3,333,750. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: Question Content Area 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. For a compound transaction, if an amount box does not require an entry, leave it blank. blank Cash Cash 3,333,750 Cash Discount on Bonds Payable Discount on Bonds Payable 366,250 Discount on Bonds Payable Bonds Payable Bonds Payable Bonds Payable 3,700,000 Feedback Area Feedback Question Content Area 2. Journalize the entries to record the following: For a compound transaction, if an amount box does not require an entry, leave it blank. Round your answer to the nearest dollar. a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. blank Interest Expense Interest Expense 174,161 Interest Expense Discount on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable 26,161 Cash Cash Cash 148,000 Feedback Area Feedback Correct Question Content Area b. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the straight-line method. blank Interest Expense Interest Expense 174,161 Interest Expense Discount on Bonds Payable Discount on Bonds Payable Discount on Bonds Payable 26,161 Cash Cash Cash 148,000 Feedback Area Feedback Correct Question Content Area 3. Determine the total interest expense for Year 1. Round to the nearest dollar. $fill in the blank aa9c9001dfad002_1 174,161 4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? Yes 5. Compute the price of $3,333,750 received for the bonds by using Table 1, Table 2, Table 3 and Table 4. (Round to the nearest dollar.) Your total may vary slightly from the price given due to rounding differences. Present value of the face amount $fill in the blank aa9c9001dfad002_3 Present value of the semiannual interest payments fill in the blank aa9c9001dfad002_4 Price received for the bonds $fill in the blank aa9c9001dfad002_5 3,505,574 Feedback Area Feedback