1. On January 1,2023 , Coltrane Corporation sold $1,000,000 at 95 . The bonds mature in 10 years and have a stated (coupon) rate of 12% with interest payments quarterly. Calculate the yield of the bonds stated as an annual rate to two decimal points (example, 8.54\%). 2. On January 1,2023 , Parker Inc. sold $2,000,000 of 8% bonds with interest paid semiannually. The bonds mature in 10 years (January 1,2033 ). If the market rate for similar bonds is 10% per year, at what price will the bonds sell? 3. On January 1,2023 , the Davis Company sold $100,000 face value 12%10-year bonds with interest payable on December 31 of each year. The firm received $112,289, a market rate of 10%. Provide journal entries for each of the following (show and LABEL your work for partial credit): a. The issuance of the bonds on January 1,2023 b. The interest payment on December 31, 2023 (the first interest payment) c. The interest payment on December 31, 2024 (the second interest payment) d. ALL journal entries on December 31, 2032 (the final interest payment and the retirement of the bonds)