On $12/31/2023,$ B Company issued bonds payable with face value of $$100,000$ and a coupon rate of $12\%,$ receiving $$112,462$ in exchange. The bonds were dated $12/31/2023,$ pay interest each $6/30$ and $12/31,$ and mature on $12/31/2033.$They were sold to yield $10\%.$ Bs$\text{'}$ accounting year ends each $12/31.$ With respect to these bonds, what interest expense should be reported for the year ending $12/31/2024,$ and what liability should be shown on the $12/31/2024$ balance sheet?

The right answer for thos question is:

Expense$-$ $$11,227$

Liability $$111,689$

I$\text{'}$m wondering how the calculations come from. Please never and don't give solutions with different answers. It's my second time asking the question. The answer should be as given and I$\text{'}$m wondering how did the calculations come from.