All of these bonds sold on Jan 1st: Bond No. 1: A $300,000 20year, 8% bond. Interest payable 2X per year. Market rate is 8% Bond No. 2 A $200,000, 10 year, 10% bond, interest is payable annually. Market rate is 9% Bond No. 3, A $100,000 5 year, 8% bond, interest payable 3 X per year, Market rate is 12% For each bond, you are to calculate what the bond should sell. Instructions: 1) Calculate the price of the bond. You must show your calculations 2) Journalize the sale of the bond. 3) Prepare (if needed) an effective interest table for bond discount or premium for the 1st five payments. 4) Journalize the first payment of interest.