Russell Company issued $500,000, 10-year, semi-annual bonds on July 1, 2021. The bond rate is 10% while the market rate at the time was 13%. REQUIRED: Use the Present Value Tables I uploaded to answer (1) (1) Determine amount of cash received on July 1 (MUST Show the 4-step process to show work). Prepare the necessary journal entry. (2) Determine the amount of interest expense and amortization on 12/31/21 using straight-line method. Prepare the necessary journal entry. (3) Determine the amount of interest expense and amortization on 6/30/22, using straight-line method. Prepare the necessary journal entry. (4) Determine the amount of interest expense and amortization on 12/31/22 using effective interest method. Prepare the necessary journal entry. (5) Determine the amount of interest expense and amortization on 6/30/23, using effective interest method. Prepare the necessary journal entry.