On May $1,$ Year $4,$ a $\backslash (\backslash$$ $300,000,10\backslash )-$year, $\backslash (14\backslash \%\backslash )$ bond was sold to yield $\backslash (12\backslash \%\backslash )$ plus accrued interest. The bond was dated January $1,$ Year $4,$ and interest is paid each January $1$ and July $1.$ Present value data is as follows: a$.$ Compute the amount of cash received from the sale of the bond. b$.$ Prepare the journal entry to record the sale. c$.$ Prepare the journal entry to record the first two interest payments $($assume straight$-$line method$).$