On April 1, Amalfi Co. issued 5-year, 10% bonds with a maturity value of $40,000 Interest is paid on September 30 and March 31. The yield at the time of bond issuance was 14%. Amalfi Co. amortizes bond discounts/premiums by the effective interest method.(Round your calculations to the closest integer; no decimals)

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Required:

(a) Calculate the selling price of the bond.

(b) Record the journal entry at the date the bond was issued.

(c) Record the journal entry at the first semi-annual interest payment of September 30.