Assume that on March 1, 2018, Oregon Corp. issues 5 percent 10-year bonds payable with a maturity value of $900,000. The bonds pay interest on February 28 and August 31, and Oregon amortizes any premium or discount using the straight-line method, Oregon's fiscal year end is December 31. Read the fenuirement Requirement 1. If the market interest rate is 4.5 percent when Oregon Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. The 5 percent bonds issued when the market interest rate is 4.5 percent will be priced at V. They are in this market, so investors will pay to acquire them. Requirement 2. If the market interest rate is 5.5 percent when Oregon Corp. issues its bonds, will the bonds be priced at par, at a premium, or at a discount? Explain. The 5 percent bonds issued when the market interest rate is 5.5 percent will be priced at V. They are Y in this market, so investors will pay V to acquire them Requirement 3. Assume that the issue price of the bonds is $945,000. Journalize each of the bonds payable transactions. (Do not round any intermediary computations, but then round all amounts you input into the journal entry tables to the nearest whole dollar. Record debits first, then credits. Exclude explanations from any joumal entries.) a. Issuance of the bonds on March 1, 2018 Journal Entry Date Accounts Debit Credit Mar 1, 2018 b. Payment of interest and amortization of premium on August 31, 2018 Journal Entry Accounts Debit Credit Date Aug 31. 2018 b. Payment of interest and amortization of premium on August 31, 2018 Journal Entry Date Accounts Debit Aug 31, 2018 Credit C. Accrual of interest and amortization of premium on December 31, 2018 Journal Entry Accounts Date Debit Credit Dec 31, 2018 d. Payment of interest and amortization of premium on February 28, 2019 Journal Entry Date Accounts Debit Credit Feb 28, 2019