Problem 3 (20 points) ABC Company issues $500,000 face value, 4%, 10-year bonds at 105 on January 1, 2021. Interest is paid semi-annually a. Journalize the issuance of the bonds on January 1, 2021. b. Journalize the payment of interest on July 1, 2021 c. Journalize the payment of interest on January 1, 2022. d. What is the carrying value of the bonds after the January 1, 2022 interest payment? e. After making the 1/1/2028 interest payment ABC Company calls the bonds paying $530,000 cash. The balance in Premium on bonds payable is a credit of $7,500. Record the retirement of the bonds