Ziat Company issued $2,000,000, 12%, 8-year bonds on December 31, 2018, for 109%. Interest is payable semiannually on June 30 and December 31. Ziat uses the straight-line method of amortization and has a calendar year end. Instructions 1. Prepare the appropriate journal entries to record: (a) The issuance of bond on December 31, 2018. (b) The first semiannual interest payment on June 30, 2019. 2. Compute the carrying value of bonds at January 1, 2020. 3. Journalize the entry if the company redeemed half of the bonds in July 1/2020 for$1,072,000