On June 1, 2016, Jefferson Controls, Inc. issued $12,000,000 of 10% bonds, receiving $10,348,080 in bond proceeds. The bonds have an effective yield of 12%. Interest is payable semiannually on June 1 and December 1. The bonds mature in 15 years. Jefferson Controls, Inc. is a Calendar-year corporation. The Company uses the effective interest method. Requirements: 1. Prepare the journal entries to record bond-related transactions as of the following dates: a. June 1, 2016 b. December 1, 2016 c. December 31, 2016 d. June 1, 2017 e. June 1, 2031 (maturity of the bondsyou may assume that any discount/premium has been fully amortized as of this date) 2. Calculate the amount of interest expense (including discount or premium amortization) for the semi-annual interest payment period ended November 30, 2016, assuming that the company used the straight-line method of amortization