On January 1, 2020 Melbourne Enterprises issued $1,000,000 of 5% 10-year bonds at 102% of par for $1.020,000. Interest is payable every June 30 and December 31. Premium or discount is amortized on a straight-line basis. a. Was the market interest rate on January 1, 2020 equal to, more than, or less than the stated rate of 4% on the bonds? b. How much interest will be paid on these bonds during 2020? C. How much interest expense will Melbourne Enterprises report in its 2020 income statement with respect to these bonds