Albert Co issues $20m, 4-year, 7% bonds on 30 June 2021. Albert Co is obliged to pay interest at the end of every year. At the time of issuing the bonds, the market requires a rate of return of 9 per cent. Required 1. Determine the issue price of the bonds. Show the calculations. (2 Marks) Using the effective-interest method, provide the journal entries at: (4 Marks) 2. i. 30 June 2022 30 June 2023. [Total 6 Marks]