Presented below is the partial bond discount amortization schedule for Syam Corp., which uses the effective-interest method of amortization.

Use effective-interest method of bond amortization.

Interest Periods	Interest to Be Paid	Interest Expense to Be Recorded	Discount Amortization	Unamortized Discount	Bond Carrying Value
Issue date	$38,609	$961,391
1	$45,000	$48,070	$3,070	35,539	964,461
2	45,000	48,223	3,223	32,316	967,684

1. Give the stated interest rate 2. Give the market interest rate 3. Give the selling price of bonds as a percent of face value 4. Give journal entry to record the sale of bonds 5. Give 1 entry to record interest expense after 6 months. (please show all work - my intent is to learn)