The company issues 6% 5-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 5.8%. PV PVA 55.80%0.75435 4.2354 56.00%0.747264.2124 10 2.90%0.751368.5739 103.00%0.744098.5302 n 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? $ 2. What is the interest expense for the first interest payment? $ What is the bond liability after the first interest payment? $ What is the interest expense for the second interest payment? $