On January 1, 2016, Grant Corporation issued $4,000,000, 10-year, 8% bonds at 102. Interest is payablesemiannually on January 1 and July 1. The journal entry to record this transaction on January 1, 2016 isa. Cash ............................................................................................... 4,000,000Bonds Payable...................................................................... 4,000,000b. Cash ............................................................................................... 4,080,000Bonds Payable...................................................................... 4,080,000c. Premium on Bonds Payable ........................................................... 80,000Cash ............................................................................................... 4,000,000Bonds Payable...................................................................... 4,080,000d. Cash ............................................................................................... 4,080,000Bonds Payable...................................................................... 4,000,000 Premium on Bonds Payable 80,000