Please help. Thanks!

On January 1, 20X1, ABC Corp. issued 10-year, $1,000,000 bonds at par. The bonds make payments annually on December 31 at a stated fixed rate of interest of 4.0%. On January 1, 20X1, ABC Corp. also entered into an interest rate swap. In this arrangement, ABC Corp. paid variable interest rates to a swap bank and in exchange, the swap bank paid fixed interest to ABC. Interest rates during the first year of the interest rate swap were the following: Date January 1, 20X1 December 31, 20X1 Fixed rate 4.0% 4.0% Market rate 4.0% 4.7% Required: 1. What amount of cash interest is paid to bondholders on December 31, 20X1? 2. On December 31, 20X1, what is the net amount of cash paid or received by ABC Corp. related to the swap? That is, what is the net settlement amount on the interest rate swap in 20X1