UVW Ltd. issued $200,000 of 5-year bonds on January 1, 2023, with a stated interest rate of 6%, payable semi-annually. Prepare the journal entries to record the issuance of the bonds and the first interest payment on June 30, 2023. Discuss the advantages and disadvantages of issuing bonds as a form of long-term financing for UVW Ltd., and analyze the impact of bond issuance on UVW Ltd.'s debt-to-equity ratio, interest expense, and financial risk profile.