On June $1,2024,$ Everly Bottle Company sold $$3,000,000$ in long$-$term bonds for $$2,626,135.$ The bonds will mature in $10$ years and have a stated interest rate of $8\%$ and a yield rate of $10\%.$ The bonds pay interest semi$-$annually on May $31$ and November $30$ of each year. The bonds are to be accounted for under the effective$-$interest method.

$($a$)$ Construct a bond amortization table for this problem to indicate the amount of interest expense and discount amortization at each November $30$ and May $31.$ Include only the first two years. Make sure all columns and rows are properly labeled. $($Round to the nearest dollar.$)$

$($b$)$ The sales price of $$2,626,135$ was determined from present value tables. Specifically, explain how one would determine the price using present value tables.

$($c$)$ Prepare the journal entry to be made when the bond is issued on June $1,2024$ and for the first interest payment on November $30,2024.$