On January 1, 20X3, Daisy Corporation issued $5,000,000 face amount of 6% bonds. These bonds are dated January 1, and mature in 5 years, with semiannual interest payments. The market rate of interest at the time of issue was 8%. Daisy uses the effective-interest method of amortization. (a) Determine the selling price of the bond issue and the bond discount or premium. (b) Prepare a 5-year (10 periods) amortization table for Daisy's bonds using the effective interest rate method. (c) Prepare 20X3's entries for these bonds; specifically, the initial bond issuance, the June 30 interest payment, and the December 31 interest payment. (d) Demonstrate the appropriate balance sheet presentation for the bonds, as of December 31, 20X5.