Problem three biscotti Inc. biscotti Inc. sold $$1$ million car value $10\%$ five$-$year bonds on January $1,2024$ for $$926,400$ cash. The market interest rate on that date was $12\%$ interest is paid semi annually on June $30$ and December $31$ the company uses the effective interest method to advertise the bond discount or bond premium biscotti year end is December $31$ required part a state whether the funds were issued at a discount or premium briefly. Explain Why Include a discussion of the bond rate and market rate of interest in your discussion part B calculate the amount of each semi annual interest payment for the bonds part C what is the amount of the bond discount or premium part dCalculate the total bond interest expense that will be recognized over the life of these bonds part e complete the amortization table below for the first two interest payments, June $30,2024$ and December $31,2024$ part f prepare the journal entry to record the issue of the bunds on January one $2024$ explanation not required part g$.$ Prepare the journal entry to record the first bombed interest payment on June $30,2024$ explanation not require required notes show all calculations Round amounts to the nearest dollar