Lanzo Company issued 3-year, 8%, $200,000 bonds on January 1, 2020. The bond pays interest every June 30 and December 31, with the principal to be paid in 3 years. The market rate at the time of issuance is 10%, and the company uses the effective-interest method of amortization. a. Compute the initial selling price of the bonds on January 1, 2020 b. Provide the journal entry for the SECOND interest payment c. On December 31, 2020, Lanzo Company buys back all of the bonds at 103 (after all interest payments and amortization have been recorded for 2020). Prepare the journal entry for this early retirement; show your calculations.