On $12/31/15$ a Corporation issues $$1,000,000$ of Bonds at a price of $$975,000.$ The coupon interest rate is $10\%.$ Interest is paid semi$-$annually on $6/30$ and $12/31.$ The bond matures in five years on $12/31/20.$

#$1-$ The interest expense to be recorded by the Corporation for the first interest payment made on June $30$ is:

#$2-$ On the Corporation's $06/30/20$ balance sheet $($after the $6/30/20$ interest payment$)$ the bond's carrying value will be: