Part B is the problem I'm having.

McCool Corporation wholesales repair products to equipment manufacturers. On April 1, 2012, McCool Corporation issued $30, 000, 000 of five-year, 10% bonds at a market (effective) interest rate of 8%, receiving cash of $32, 446, 500. Interest is payable semiannually on April 1 and October 1. Journalize the entry to record the sale of bonds on April 1, 2012. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". Record the cash received (debit), the Bonds Payable (credit), and the premium on the bonds (credit), which is the difference between the two amounts. Journalize the entry to record the first interest payment on October 1, 2012, and amortization of bond premium for six months, using the straight-line method. (Round to the nearest dollar. ) For a compound transaction, if an amount box does not require an entry, leave it blank or enter "O