5. Bonds Payable: On January 1, 2021, a large corporation issued bonds with a face value of $8 million and an annual interest rate of 3%, paid semi-annually on June 30 and December 31, and will reach maturity on December 31, 2031. On January 1, 2021, the bonds were issued at 91.82 to a market rate of 4% 1. Calculate the proceeds on the issuance of the bonds 2 Complete the bond amortization table from Jan 1, 2021 to June 30, 2021 Interest Interest Discount Discount Carrying Payments Expense Amortization Balance Amount Jan 11. 2021 Uune 30. 2021 3. Record the issuance of bonds on Jan 1 2021 3. Record the issuance of bonds on Jan 1, 2021, Accounts Debit Credit 4 Show the journal entry the interest payment and expense on Jun 30, 2021 Accounts Det Credit