please help answer

Amortize Premium by Interest Method Shunda Corporation wholesales parts to appliance manufacturers. On lanuary 1, Shunda issued $30,000,000 of five-yeac, 10% bonds at a market (effective) irterest rate of 8%, receiving cash of $32,433,150. Interest is payable semiannualiy. Shanda's fiscal year begins on January 1 . The company wes the interest method. a. Journalize the entries to record the following: 1. Sale of the bonds. Round to the nearest dollar. If an amount box does not repuire an entry, leove it blank: Feedback F coes My Wen Bonds Payable is always recorded at face value. Any difference in issue price is reflected in a premium or discount account: 2. First semiannual interest payment, including amortization of premsum, Round to the nearest doflar, if an amount bak does not require an entryileave it isanik. reachese Thect My Wes As the discount of premium is amortized, the carrying amount of the bord changes. As a resilt. interest expense also changes vach period. T Check My Work As the discount or premium is amortizeu, the carrying amount of the bond changes. As a resutt, interest experie also changes each perind Compare the rate on the bonds and the market rate. b. Determine the bond interest expense for the firnt year, Round to the nearest doliar