There are seven parts to this problem. Please label your response to each part by Indicating the letter through g. On January 1, 2021, Kevin Company issued three-year bonds with a face value of $840,000. When sold, the market price for the bonds was $862,379.28. The bonds paid interest semi-annually every June 30 and December 31 and mature on December 31, 2023. There are no issue costs. Kevin amortizes discount and premium using the Effective interest method. Here is the amortization table for the Kevin Company bonds: Date Cash Int. Exp. Prem. Amort. 01/01/21 06/30/21 33,600.00 30,183.27 3,416.73 12/31/21 33,600.00 30,063.69 3,536.31 06/30/22 33,600.00 29,939.92 3,660.08 12/3122 33,600,00 29,811.82 3,788.18 06/30/23 33,600,00 29,679.23 3,920.77 12/31/23 33,600.00 29,542.79 4,057.21 Carry Value 862,379.28 858,962.55 855,426.24 851,766.16 847,977.98 844,057.21 840,000.00 Please answer all of the following questions (25 points) a. What is the stated annual interest rate? Show all work for full credit. (2 points) b. What is the effective annual interest rate Show all work for full credit (3 points c. What is the balance in the discount or premium account as of June 30, 20227tpense round to the nearest Show all work for full credit. (3 points) d. Give any journal entries required for the payment of interest on December 31 2021 Use the two journey form of this entry I taught you in class that shows the relationship between interest expense and interest Round all amounts to the nearest penny (4 points) e. Explain in words what these two entries tellus. Fully state any accounting principle that is relevant to your give the full statement of the principle and how it is applied in your answer. 3 points) Give any journal entries required on December 3 2023. Round all amounts to the nearest penny por Assume Kevin Company's fiscal year ends on August 31. Give the interest expense reported on Commy Income Statement for the fiscal year ended August 31, 2022. Hint: This is for a full twelve-month period Show work for full credit. (5 points)