The company issues 8% 10-year bonds with a total face amount of $1,000,000 with interest paid semi-annually. The market rate of interest is 7.8%. n % PV PVA 108.00% 0.463196 .7101 7.80% 0.471866.7710 4.00% 0.45639 13.5903 20 3.90% 0.46525 13.7115 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? $__ 116 words