Bahrain Corporation issued 10-year 1,000 bonds at face value $100 per bond, on Jan. 1, 2021 with a stated interest rate 8%. Interest paid semiannually on 30 June and Dec. 31. Required: a)Calculate the issue price of bonds; if you know that the market interest rate 4%? (7- points) b)Prepare the amortization schedule? (8- points) c)Prepare the entries to record the issue of bonds at 1 Jan, and payment the interest at June 30 and December 31? (8-points). d)If the company recall the bonds at 102 on Dec. 31, 2025; and paid other recall costs $500. Prepare the entry? (7-points) Solution of Question 1: A. Bonds Price: B. Amortization Schedule: C. Journal Entries: -1/1/2021 -30/6/2021 D. Recall The Bonds: 3. What are the major limitations on the financial position (Balance sheet) as a source of information for users of general-purpose financial statements? (14- points)