2. (15 points) Webb Co. sold a 7%, 10-year bond with a $3,000,000 face value on January 1, 2019. Interest is payable annually on December 31, 2019. The bond was sold to yield 6% interest. Webb uses the effective interest method to amortize premium and discount. Present value factors for 10 periods are shown below. Rate PV single PV ordinary annuity PV annuity due 6% 5584 7.3601 7.8017 7% 5083 7.0236 7.5152 a. Compute the interest paid in cash each year, b. Compute the selling price of the bond. e. Make the December 31, 2019 joumal entry for the first interest payment and amortization of the premium or discount