XYZ industries issued $$2,000,000$ of $3$ year bonds on January $1,2022.$ The bonds have a stated rate of $8\%$ and interest is payable annually. The market rate for similar bonds is $10\%.$

a$.$ Draw a timeline showing the cash flows associated with this bond.

b$.$ What is the amount of cash this bond issuance raised?

c$.$ Assume the bonds were issued with $60,000$ detachable stock warrants with a strike price of $$50$ each. At issuance, similar bonds without warrants sold for $92.$ Write the journa entry to show the issuance of the bonds with warrants.

d$.$ Assume that $50\%$ of the bonds were retired at $98$ when the Carrying value of the bonds was $$1,968,000.$ Write the journal entry to show the retirement.