11 ig uansactions: QUESTION 7 18 MARKS On October 1st, 2021, 1971 Inc issued a $750,000, 7%, seven year bond. Interest is to be paid annually each October 1". a) Calculate the issue price of the bond assuming a market interest rate of 6% on the date of issue b) Record the issuance of the bonds on October 1, 2021 c) Record the payment of interest on October 1, 2022 d) Prepare the balance sheet presentation for this bond on Oct. 1, 2022 2 Marks 6 Marks 6 Marks 4 Marks An amortization table is provided below to help with your solution if need be.