The company issues 5% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 5.1%. n PV PVA 10 5.00% 0.61391 7.72173 5.10% 0.60810 7.68437 20 2.50% 0.61027 15.58916 20 2.55% 0.60435 15.51579 ROUND ANSWERS TO NEAREST DOLLAR 1. What is the issue price of the bond? $ 2. Record the issuance of the bond: When recording the journal entry above, how much was the discount or premium? $ 3. What is the interest expense for the first interest payment? $. 4. What is the bond liability after the first interest payment? $__ 5. What is the interest expense for the second interest payment? $_