On July 1, 2020, Frank Corp. issued $ 800,000 par value, 10%, 10-year bonds, with interest payable semi-annually on January 1 and July 1. The bonds were issued to yield an 8% return. On January 2, 2022, Frank offered to buy back the bonds at 105. Forty percent of the bondholders accepted the offer. Frank uses the amortized cost method with the effective-interest method to amortize the premium or discount. a) Prepare the journal entry to record the bond issuance. b) Prepare the adjusting entry at December 31, 2020, the end the fiscal year. c) Prepare the entry for the interest payment on January 1, 2021. d) Prepare the entry to record the retirement of 40% of the bonds on January 2, 2022. e) What is the value of the bonds on December 31, 2020, had the straight-line method been used for the bond discount/premium