On January 1, 2005, ABC issues $5,000,000 in bonds with a stated rate of 8%. The bonds mature in 5 years with interest (coupon) paid quarterly [Mar 31, Jun 30, Sep 30, and Dec 31]. The bonds were issued when the market rate was at 12%. Please show how you got the answer. Im stuck trying to figure it out.Thank you

Calculate the information necessary to fill in the following table (round to the nearest $):

date int payment int exp bond payable/net book value

1/1

3/31

6/30

9/30