Bond Redemption: Journalize these transactions 1. Jonny Cakes issued callable bonds with a par value of $100,000. The call option requires the company to pay a call premium of $3,000 to bondholders plus the par value. After the June 30th interest payment, the bonds have a carrying value of $104,500. 2. A $500,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $475,000. Installment Note: use the attached Present Value of an Annuity of $1 at compound interest chart to complete the following transactions EXHIBIT 10 Present Value of an Annuity of $1 at Compound Interest Periods 1 2 3 4 5 6 7 B 9 10 4% 0.96154 1.88609 2.77509 3.62990 445182 5.24214 6.00205 6.73274 743533 8.11090 471% 0.95694 1.87267 2.74896 3.58753 4.38998 5.15787 5.89270 6.59589 7.26879 7.91272 5% 0.95238 1.85941 2.72325 3.54595 432948 5.07569 5.78637 6.46321 7.10782 7.72173 57% 0.94787 1.84632 2.69793 3.50515 4.27028 4.99553 5.68297 6.33457 6.95220 7.53763 6% 0.94340 1.83339 2.67301 3.46511 4.21236 4.91732 5.58238 6.20979 6.80169 7.36009 67% 0.93897 1.82063 264648 3.42580 415568 4.84101 5.48452 6.08875 6,65610 7.18883 7% 0.93458 1.80802 2.62432 3.38721 4.10020 4.76654 5.38929 5.97130 6.51523 7.02358 10% 0.90909 1.73554 2.48685 3.16987 3.79079 4.35526 4.86842 533493 5.75902 6.14457 11% 0.90090 1.71252 2.44371 3.10245 3.69590 4.23054 4.71220 5.14612 5.53705 5.88923 12 0.89286 1.69005 24018 3.03735 3.60478 4.11141 4.56376 4.96764 532825 5.65022 1396 0.88496 1.66810 2-36115 2.97447 3.51723 3.99755 442261 4.79677 5.13166 5.42624 On the first day of the fiscal year 2010, a company issues a $30,000, 10%, five yearinstallment note. 1. Journalize issuing the note 2. Determine the annual payment 3. Amortize the installment note 4. Journalize the annual interest expense for the life of the