TR issues 7.0%,5-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similiar Tisk and maturity is 6.8%. Interest is paid semi-arinually. DO NOT ROUND YOUR ANSWERS UNTILYOU FULLY COMPLETE THE PROBLEM SET (input your answers after you've completed the entire problem). 4. 5 (rounded to nearest dollar). What is the issue price of the bond? 5. 5 (rounded to nearest dollar). When the company records the first interest payment, how much will the company record for interest expense? 6. payment? (rounded to nearest dollar). What is the bond liability (carrying amount) after the first interest 7. $ (rounded to nearest dollar). When the company records the second interest payment, how much will the company record for interest expense