1. On January 1, 2021, Piper Co. issued ten-year bonds with a face value of $5,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Calculate the issue price of the bonds. 2. Gigi Corporation issues bonds dated September 1, 2020 that pay interest semiannually on March 1 and September 1. The issue date was September 1, 2020. The bonds have a $450,000 par value, a contract rate of interest of 13% and they mature in 4 years. The bonds were issued at $493,608 when the market rate was 10%. 1. Prepare an effective interest table in Excel for the life of the bonds. 2. Prepare the September 1, 2020 journal entry for the issuance. 3. Gigi has a calendar year-end. Prepare all of the journal entries over the life of the bonds.