5.Requirements (1) Journalize the following transactions of Lamore Communication, Inc.(5marks) 2010 Jan 1 Jul 1 Dec 31 2011 Jan 1 2020 Jan 1 Issued $4,000,000 of 7%, 10-year bonds payable when the market rate is 6%, and the price is 4,297,546. Paid semi-annual interest and amortized the bonds by the effective interest method on the 7% bonds payable. Accrued semi-annual interest expense and amortized the bonds by the effective interest method on the 7% bonds payable. Paid semi-annual interest. Paid the 7% bonds at maturity. (2) At December 31, 2010, after all year-end adjustments, determine the carrying amount of Lamore Communication bonds payable, net.(2marks)