5.Jaguar Corporation issues 4 year, term bonds with a face value of $300,000 on January 1, 2021. They have a stated interest rate of 7% that is paid annually on December 31. The market rate (effective rate) on the date of issuance was %. Record all necessary journal entries. 1. How much would investors be willing to pay for the bonds on January 1, 2021? 2.Determine the amount of each annual cash interest payment. 3. What would be the journal entries to record payment of interest on December 31, 2021 and December 31, 2022 9