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: 3% Interest 0.74409 0.55368 8.53020 14.87747 8% Interest 6% Interest 4% Interest Present value of 1 for 10 periods 0.46319 0.55839 0.67556 Present value of 1 for 20 periods 0.21455 0.31180 0.45639 Present value of annuity for 10 periods 6.71008 7.36009 8.1109 Present value of annuity for 20 periods 9.81815 11.46992 13.59033 Required: a. Calculate the issue price of the bonds. b. Prepare joumal 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