Please answer all $3$ step by step i need to understand the material thank you

E$13\mathrm{.}9($LO $1)$ Groupwork $($Entries and Questions for Bond Transactions$)$ On June $30,2025,$ Mischa Auer Company issued $$4,000,000$ face value of $13\%,20-$year bonds at $$4,300,920,$ a yield

of $12\%.$ Auer uses the effective$-$interest method to amortize bond premium or discount. The bonds pay semiannual interest on June $30$ and $-$December $31.$

Instructions

$($Round answers to the nearest cent.$)$

a$.$ Prepare the journal entries to record the following transactions.

The issuance of the bonds on June $30,2025.$

The payment of interest and the amortization of the premium on December $31,2025.$

The payment of interest and the amortization of the premium on June $30,2026.$

The payment of interest and the amortization of the premium on December $31,2026.$

b$.$ Show the proper balance sheet presentation for the liability for bonds payable on the December $31,2026,$ balance sheet.

c$.$ Provide the answers to the following questions.

What amount of interest expense is reported for $2026?$

Will the bond interest expense reported in $2026$ be the same as$,$ greater than, or less than the amount that would be reported if the straight$-$line method of amortization were used?

Determine the total cost of borrowing over the life of the bond.

Will the total bond interest expense for the life of the bond be greater than, the same as$,$ or less than the total interest expense if the straight$-$line method of amortization were used?