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I need help with part C of this problem.

Question 2 On January 1, 20X1, Manan company issued $404,000 of 8-year, 4.6% (annual rate) coupon bonds, with interest of 2.3% to be paid semi-annually on June 30 and December 31. The market interest rate (yield to maturity) on the bond issuance date was 5.2% per year. The company uses a contra-liability account to record and track bond discounts and a liability account to record and track bond premiums. (For your answers below, it is OK to round the numbers to the nearest dollar.) a) Calculate the bond's issue price. (You can use Excel or Google Sheet or a financial calculator.) Bond issue price (in dollars): $388,301.92 (Optional) To be eligible for any potential partial grade, show below the input parameters and their values you used for your calculation in Excel/Google Sheet/calculator. b) Write the entry to record the bond issuance using the balance sheet equation format: A = L -XL + CC + RE PV=FV/(1+i)^n Cash Account. .Debit $388301.92 Discount on Issue of Bonds Account.. .Debit $15698.08 To 4.6% Bonds Payble Account $404000 (Being bonds issued at discount) Note - Discount on Issue of Bonds = ( 404000 - 388301.92 ) = $15698.08 Need Help on Part C c) How much interest expense will be reported by the company for the above bond in connection with the first two interest payments, i.e., for the first six months and the second six months of 20X1? (Please round answer to nearest dollar.) Interest expense, first six months of 20X1: Interest expense, second six months of 20X1

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