Sage Corporation issued $500,000 of 12% bonds on May 1, 19X1, at 100 plus accrued interest. The bonds are dated January 1, 19X1, and pay interest each June 30 and December 31. a. Prepare journal entries to record (1) the bond issuance on May 1, 1981; (2) the first interest payment on June 30, 19X1; and (3) the second interest payment on December 31, 1981. b. Compute Sage's 19X1 bond interest expense