Cornell & Company Needs to Raise $5,000,000 for Expansion Purposes

Cornell & Company needs to raise $5,000,000 for expansion purposes.To do so they have issued bonds with the following terms:
$$\begin{array} { l l } \text { Principal amount } & \$ 5,000,000 \\\text { Contract interest rate } & 9.5 \% \\\text { Length of time } & 5 \text { years } \\\text { Issue date } & \text { January 2, 2017 } \\\text { Interest payment dates } & \text { July 1 and December 31 }\end{array}$$ Assume the bonds were issued on January 2,2017,when the market interest rate was 8%.
a_Determine the issue price of the bonds.
b_Assuming Cornell & Company uses the effective-interest method for amortizing bond discounts / premiums,prepare an effective-interest amortization schedule.
c_Prepare the journal entries required in 2017 for the bond's 1st year.
d_At the end of 2019,right after the December 31 interest payment (interest payment 6 in your amortization schedule),management decides to retire 50% of the bond as interest rates have risen.Prepare the journal entry to record this transaction assuming that 50% of the bond is purchased at 96 and the first interest payment in 2020.