On January $1,2019,$ Naomi, Inc. issued $$2,000,000,4\%$ bonds when the market rate was $6\%.$

Interest is payable semiannually on June $30$ and December $31$ with the bonds maturing on

December $31,2028(10$ years$).$ The bonds are callable at $102.$ On January $1,2024,$ Naomi

retired $$1,000,000$ of the bonds at the call price. At the time they retired the bonds, they also paid

the accrued interest for those bonds retired.

Required:

a$.$ Prepare the journal entry to record the issuance of the bonds.

b$.$ Naomi uses the effective interest method to amortize any discount or premium.

Prepare an amortization schedule for the bonds

c$.$ Prepare any required journal entries for interest payments for the first year $2019.$

d$.$ Prepare all required entries to record the retirement of the bonds on January $1,2024.$ Show formulas $/$equations