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The following information pertains to activities for the construction of an office building (the project hereafter) in capital project fund (CPF) of SB city during the fiscal year 2017 ending on 12/31/2017:Prepare the necessary Journal Entries:1) GF issued $5,000,000 of 8% serial bond at 102 to finance the project on 1/1/2017. Interest of $400,000 is due on 12/31/2017 and decreasing amounts every 12/31 for the next 9 years after that. The principal maturity of $500,000 is due on 12/31/2017.