The following transactions were completed by Mantagye Inc, whose fiscal year is the calendar year: 201 July 1. Issued $55,000,000 of 10 -year, 9% callable bonds dated July 1, 2071, at a market (cflective) rate of 7%, receiving cash of 362,817,040. Interest is payable semianncially on Dectmber 31 and June 30 . December 31. Paid the semiannual interest on the bonds. The bond premium amortization of s390,852 is combined with the semannual interest payment. 2012 June 30. Paid the semiannuat interest on the bonds. The bond premium amortiration of s390,852 is combined auth the semiannual interest payment. December 31. Paid the semiannual interest on the bonds. The bond premium amortization of 5390,852 is combined with the semiannual interent payinent. 2013 June 30. Recorded the redemption of the bonds, which were called at 103 . The balance in the bond gremium account is 16,253,632 arter payment of interest and amortization of premium have been recorded. (Record the redempticn only.) 1. Journalize the entries to recerd the foregoing transactions. If an amount box ches not require an ertry, leave it blanic. When required, round amoun to the nearest dollar. 2. Indicate the amount of the interest expense in (a) 20Y1 and (b) 2012 . a. 20Y1 3. Determine the carrving arnount of the bonds as of December 31,20Y2