Please help, I've been stuck on this exercise for a long time.

Entries for Bonds Payable and Installment Note Transactions The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: Year 1 July 1. Issued $6,470,000 of five-year, 11% callable bonds dated July 1, Year 1, at a market (effective) rate of 13%, receiving cash of $6,004,882. Interest is payable semiannually on December 31 and June 30. Oct. 1. Borrowed $290,000 by issuing a 10-year, 7% installment note to Nicks Bank. The note requires annual payments of $41,289, with the first payment occurring on September 30, Year 2. Dec. 31. Accrued $5,075 of interest on the installment note. The interest is payable on the date of the next installment note payment. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $46,512 is combined with the semiannual interest payment. Year 2 June 30. Paid the semiannual interest on the bonds. The bond discount amortization of $46,512 is combined with the semiannual interest payment. Sept. 30. Paid the annual payment on the note, which consisted of interest of $20,300 and principal of $20,989. Dec. 31. Accrued $4,708 of interest on the installment note. The interest is payable on the date of the next installment note payment. 31. Paid the semiannual interest on the bonds. The bond discount amortization of $46,512 is combined with the semiannual interest payment. Year 3 June 30. Recorded the redemption of the bonds, which were called at 98. The balance in the bond discount account is $279,070 after payment of interest and amortization of discount have been recorded. Record the redemption only. Sept. 30. Paid the second annual payment on the note, which consisted of interest of $18,831 and principal of $22,458. Required: Round all amounts to the nearest dollar. 1. Journalize the entries to record the foregoing transactions. If an amount box does not require an entry, leave it blank. Date Account Debit Credit Year 1 July 1 Cash 6,004,882 Discount on Bonds Payable 465,118 Bonds Payable 6,470,000 Oct. 1 Cash 290,000 Notes Payable 290,000 Dec. 31-Note Interest Expense 5,075 Interest Payable 5,075 Check My Work 2 more Check My Work uses remaining Previous Next Dec. 31-Bond Interest Expense 276,988 Discount on Bonds Payable 46,512 Cash 323,500 Year 2 June 30 Interest Expense 276,988 Discount on Bonds Payable 46,512 Cash 323,500 Sept. 30 Interest Expense 15,225 Interest Payable 5,075 Notes Payable 20,989 Cash 41,289 Dec. 31-Note Interest Expense 4,708 Notes Payable 4,708 Dec. 31-Bond Interest Expense 276,988 Dec. 31-Bond Interest Expense 276,988 Discount on Bonds Payable 46,512 Cash 323,500 Year 3 June 30 Bonds Payable 6,470,000 Loss on Redemption of Bonds Discount on Bonds Payable 279,070 Cash Sept. 30 Interest Expense Interest Payable Notes Payable Cash 2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2. a. Year 1 $ b. Year 2 $ 3. Determine the carrying amount of the bonds as of December 31, Year 2