WILL VOTE THUMBS UP IF DONE RIGHT. NEED ANSWER ASAP

ABC Co is a Canadian public company. On December 31, 2016, the company issued $400,000, five-year bonds with a stated interest rate of 8%, when the market rate was 9%. Interests are paid on each December 31. The bond price was $384,441.39.

The amortization schedule for the bonds is as follows:

Date	Interest Payment	Interest Expense	Increase in CV	Carrying Value
December 31, 2016				$384,441.39
December 31, 2017	$32,000	$34,599.73	$2,599.73	$387,041.12
December 31, 2018	$32,000	$34,833.70	$2,833.70	$389,874.82
December 31, 2019	$32,000	$35,088.73	$3,088.73	$392,963.55
December 31, 2020	$32,000	$35,366.72	$3,366.72	$396,330.27
December 31, 2021	$32,000	$35,669.72	$3,669.72	$400,000.00

ABC Co. uses the gross method to account for its bonds.

Required: (Do not round intermediate numbers and round the final values to the nearest cent.)

a) Prepare the journal entry to record the issue of these bonds on December 31, 2016.

Prepare the journal entry related to the bonds on December 31, 2020.

Prepare the journal entry to retire the bonds at maturity.