$\backslash$table$[[$Pb$10\mathrm{.}6$B$,\backslash$table$[[$On September $1,2021,$ Rodriguez Plimbing Compary issued $$5$ million in $10y$ zet, $12$ percent beeds payble. Interest is paywle semiannually on Merch $1$ and September $1.$ Bond discounts and permiums are amortized at each interest payment date and at yearend. The company's fiveal year ends at December $31.],[$Instructions$],[$a$.$ Make the necessary affurting entries at December $31,2021,$ and the journal entry to record the peyment of bond interest on March $1.2022$ under esch of the following essumptions.$],[1.$ The bonds were isued at $92.($Reund to the nearest dollar.$)],[2.$ The bonds were iasued at $104.($Round to the starest doller$)],[$b$.$ Compute the net bosed liability at December $31,2022,$ under assumptions $1$ and $2.($Round to the nearent dollar.$)],[$e$.$ Under which of these assumptions, $1$ or $2,$ would the investor's effective rate of ieterest be highen' Explain.$]]],[,]]$