Roy Company Sold the Following Ten-Year Bonds Payable on January

Roy Company sold the following ten-year bonds payable on January 1, 20X1: $100,000 maturity value, 5% interest payable annually on each December 31. The bonds were dated January 1, 20X1 and the accounting period ends December 31. The bonds were sold at 98.
(a) Fill in each blank to the right (assume straight-line amortization) $$\begin{array} { | l | l | l | } \hline { \text { Transaction } } && \text { Amount } \\\hline 1 . & \text { Cash inflow at date of issuance } & \$ \\\hline \text { Cash outflow under 10-year period: } & \\\hline 2 . & \text { Principal } & \$ \\\hline 3 . & \text { Interest } & \$ \\\hline 4 . & \text { Total interest } & \$ \\\hline 5 . & \text { Stated interest rate } & \$ \\\hline 6 . & \text { Interest expense for 20X2 } & \$ \\\hline \text { Balance Sheet at December, 31, 20X2: } & \\\hline 7 . & \text { Bonds payable } & \$ \\\hline 8 . & \text { Unamortized amount } & \$ \\\hline 9 . & \text { Net liability } & \$ \\\hline\end{array}$$
(b) Assuming the account period ends on June 30, give the adjusting entry related to interest expense for X