urgent!

Exercise 2 On February 15, 2021, Marley AG issued a 600,000, 6%, 5-year bond payable. The effective market interest rate at the date of issuance is 5%. The company uses the straight-line amortization method for the difference between the face value and the fair value of the bond and pays annual interests each February 15. Answer the following questions about Marley's bonds payable: a) What is the carrying amount of the bond at December 31, 2021? b) What is the annual cash interest payment on the bonds? c) What is the total interest expense in 2021 and in 2021? d) Why can bonds be issued at values different than their par value, and what is the meaning of the differences that arise at issuance? Record the issuance of the bond, the December 31, 2021 adjustment, and the interest payment in 2022