please help

please help solve this accounting problem

Bend Discount, Entries for Bonds Payable Transactions On July 1, 20y1, Livingston Corporation, a wholesaier af manufocturing equipment, lssued 56,400,000 of 10year,105 bonds at a market (effective) interest mate of 11%. recelying cash of 56,017,594. Interest on the bonds is paydble semiannually on December 31 and June 30 . The fiscal year of the company is the calendar year. Requiredt For al journal entries, if an amount box does nee require an entry, leave it blank: 2. Journallece the entries to fecord the following: 3. The first semiannual interest payment on December 31, 20y1, and the amortization of the bond discount, using the straight-line method. Round to the ne b. The interest payment on June 30, 20r2, and the amortization of the bond discount, using the straight-line method, flound to the nearest doilar, 3. Determine the total interest expense for 20r1. Pound to the nearest dollar. 4. Wail the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interese? 5. Compute the price of $4,017,594 received for the bends by using the present yalue tables in Aopendix A. Round your PV values to 5 decimat places and the fin