The net book value of the bonds of the Declan M. Company showed balances of $750,000 on December 31,2021, and $498,000 on December 31,2022. A note to the 2022 Financial Statements disclosed that the bonds outstanding on December 31, 2021 were zero coupon bonds that were issued a fow yoars ago when the market effective interest rate was 10% (compounded annually) and a face value of $1,000,000. These bonds were called and retired on the last day of the year, resulting in a loss of $25,000 and with a net book value at the time of the retirement of $825,000. The bonds outstanding on December 31, 2022 are 2.70\% Bonds due 2032 and have a face value of $500,000 that are issued on December 31,2022 . Required (answer a to d): a. What was the cash payment made for the retirement of the zero coupon bonds? Record the early retirement of these bonds using journal entries or T-accounts. b. What was the interest expense of the Declan M. Company for 2022 for the zero coupon bonds? c. Assume the 2.70% bonds are due on December 31,2032 and pay interest annually, on the last day of each year. Without making any calculations, what could be the market interest rate at issuance on these bonds be, out of the following options (2.65%,2.70% or 2.75%) ? Justify your answer. d. When a bond is sold at a discount, does it mean that the bond is a bargain for bondholders? Please justify your