On January 1, 2020, ABC Company issued three-year bonds with a face amount of 5,000,000 and a stated rate of 8% payable semiannually on June 30 and December 31 of each year. The bonds were priced to yield 10%. The entity uses the effective interest method of amortization. On December 31, 2021, bonds with face amount of 3,000,000 were retired at 95. 1. What is the issue price of the bonds? 2. What amount should be reported as interest expense on December 31, 20217 3. What amount should be reported as unamortized premium or discount on December 31, 20207 4. What is the gain (loss) on retirement of the bonds payable on December 31, 20217 5. What amount should be reported as interest expense on December 31, 20227