3. On January 1, 2020, Kristopher Co. issued ten-year bonds with a face value of $10,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 10 periods Present value of 1 for 20 periods Present value of annuity for 10 periods Present value of annuity for 20 periods 8% Interest 0.46319 0.21455 6.71008 9.81815 6% Interest 0.55839 0.31180 7.36009 11.46992 4% Interest 0.67556 0.45639 8.1109 13.59033 3% Interest 0.74409 0.55368 8.53020 14.87747 Required: a. Calculate the issue price of the bonds. b. Prepare journal entries for the issuance on January 1, 2020 and the June 30. 2020 interest payment date, assuming the company uses the effective interest method for amortizing any premium or discount