please show your calculations in details, thank you

You should expect to have one or two problems worth about 25 points each and several shorter problems for the remaining points worth between 10 and 15 points each. Long Problem: 25 points On January 1, 2005, ABC issues $5,000,000 in bonds with a stated rate of 8%. The bonds mature in 5 years with interest (coupon) paid quarterly (Mar 31, Jun 30, Sep 30, and Dec 31]. The bonds were issued when the market rate was at 12%. a. Compute the issue price of the bonds. b. Prepare the Journal entry to record the issuance of the bonds using a discount/premium account. Calculate the information necessary to fill in the following table (round to the nearest $): (note the dates) C. Bonds Payable Date Interest Payment Interest Expense Net Book Value 1/1/2005 3/31/2005 6/30/2005 9/30/2005 d. Prepare the journal entry to record interest expense on 9/30/2005