Sunland Company issued $600,000 of 5 -year, 8% bonds at 95 on January 1,2022 . The bonds pay interest annually. (a1) Prepare the journal entry to record the issuance of the bonds. (Credit occount tities are outomatically indented when amount is entered. Do not indent manually.) Compute the total cost of borrowing for these bonds. Total cost of borrowing Attempts: 0 of 1 used (b1) Prepare the journal entry to record the issuance of the bonds, assuming the bonds were issued at 105. (Credit account titles are outomatically indented when amount is entered. Do not indent manually.) Compute the total cost of borrowing for these bonds, assuming the bonds were issued at 105. Total cost of borrowing