ABC inc. issued a 3 year, $30,000 bond with a 2% coupon rate on 1/1/2017. The market rate is 6%. Coupon payments are made at the end of the fiscal year (December 31). Required: 1. Provide the journal entry for the issuance of this bond (on 1/1/2017). Round numbers to the nearest dollar 2. Provide the journal entry related to this bond, to be recorded on 12/31/2017. Time Period Interest PV of $1 PV of $1 annuity ||3 3366 #2% 0.94232 2.88388 #6% 0.83962 2.67301 ||1% 0.94205 5.79548 3% 0.83748 5.41719