The following transactions were completed by Winklevoss Co$.,$ whose fiscal year is the calendar year:

$20$Y$1$

July $1$ Issued $$74,000,000$ of $20-$year, $11\%$ callable bonds dated July $1,20$Y$1,$ at a market $($effective$)$ rate of $13\%,$ receiving cash of $$63,532,267.$ Interest is payable semiannually on December $31$ and June $30.$

Dec. $31$ Paid the semiannual interest on the bonds. The bond discount amortization of $$261,693$ is combined with the semiannual interest payment.

$20$Y$2$

June $30$ Paid the semiannual interest on the bonds. The bond discount amortization of $$261,693$ is combined with the semiannual interest payment.

Dec. $31$ Paid the semiannual interest on the bonds. The bond discount amortization of $$261,693$ is combined with the semiannual interest payment.

$20$Y$3$

June $30$ Recorded the redemption of the bonds, which were called at $98.$ The balance in the bond discount account is $$9,420,961$ after payment of interest and amortization of discount have been recorded. $($Record the redemption only.$)$

Required:

$1.$ Journalize the entries to record the transactions.

$2.$ Indicate the amount of the interest expense in $($a$)20$Y$1$ and $($b$)20$Y$2.$

$3.$ Determine the carrying amount of the bonds as of December $31,20$Y$2.$