Lee's Hamburgers issued 5%, 10-year bonds payable at 85 on December 31, 2024. At December 31, 2026, Lee reported the bonds payable as follows: (Click the icon to view the bonds payable.) Lee's pays semiannual interest each June 30 and December 31. (Assume bonds payable are amortized using th straight-line amortization method.) Read the requirements. a. What is the maturity value of the bonds? $ 500,000 b. What is the carrying amount of the bonds at December 31, 2026? $ 440,000 c. What is the semiannual cash interest payment on the bonds? $ 12,500 d. How much interest expense should the company record each year? $ 32,500 Requirement 2. Record the June 30, 2026, semiannual interest payment and amortization of discount. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit 2026 Data Table Jun. 30 15000 Interest Expense Discount on Bonds Payable 2500 Cash 12,500 Long-term Liabilities: Bonds Payable Less: Discount on Bonds Payable $ 500,000 (60,000) Paid semiannual interest and amortized discount. 440,000