Problem 1 On January 1, 2019 Bau Enterprises issues bond that have a $3,400,000 par value, mature in 20 years, and pay 9% interest semiannually on June 30 and December 31. The bonds are sold at par. 1 How much interest will Bau pay (in cash) to the bondholders every 6 months? 2 Prepare journal entries to record (a) the issuance of bonds Jan. 1, 2019, (b) the 1st interest payment on June 30, 2019; and (c) the second interest payment on Dec. 31, 2019. 3 Prepare the journal entries for issuance assuming the bonds are issued at (a) 98 and (b) 102.