On January 1, 2009, Oregon, Co. issued $4,000,000 par value of 10 -year bonds with a stated rate of 8%. Coupons are payable semi-annually on June 30 and December 31 . The market rate of interest on January 1, 2009 is 6%. Oregon, Co. uses the effective interest method when accounting for bonds. a. Will the bond proceeds be less than, equal to, or greater than $4,000,000 ? Why? b. Draw a timeline that represents the cash flows of the bonds as outlined above. What is the total cash that Oregon, Co. will pay to bondholders over the life of the bonds? c. Show the journal entry that Oregon, Co. will make on the date of issuance. n= Issue Price = d. Fill in the blanks in the following sentence: Oregon, Co. is borrowing on January 1, 2009, with the promise to pay back at maturity as well as every six months between issuance and maturity times in total). e. Calculate the total amount of interest that Oregon will record over the life of the bonds