On April 1, 2022, Adelphi Corporation issues $50 million of 5%, 10-year bonds payable at a price of 102. Interest on the bonds is payable semiannually each April 1 and October 1.

(a) How much will Adelphi receive from the issuance of the bonds?

(b) On October 1, 2022 how much interest will be paid to the bondholders?

(c) How much total interest expense will Adelphi record as of December 31, 2022 (round to nearest whole dollar)?