Rodgers corporation produces and sells football equipment. on july 1, year 1, rodgers issued $65,000,000 of 10-year, 12% bonds at a market (effective) interest rate of 10%, receiving cash of $73,100,469. interest on the bonds is payable semiannually on december 31 and june 30. the fiscal year of the company is the calendar year.

required:
a. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, year 1.
b. journalize the entries to record the following:

the first semiannual interest payment on december 31, year 1, and the amortization of the bond premium, using the straight-line method.
c. determine the total interest expense for year 1.