Budd is updating its manufacturing facility. To help fund the project, it has issued $1.200,000. 12%, 5-year bonds on April 1. 2020. The bonds have an effective rate of 10% and pay interest semiannually on October 1 and April 1. The company uses the effective interest method to amortize bond premium or discount. NOTE: There are 6 questions/sections below.make sure you scroll down to answer all six! 1. Calculate the PV of the bond and prepare the journal entry that would be made upon issuance at April 1, 2020. (use tables provided at bottom.) 2. Create an amortization table using the effective interest method in the following format. You need only go through October 1, 2022 While you need only go through October 1, 2022 for points, you may complete if you want to check your work Discount Unamortized Carrying Interest Interest Premium Discount Value Pald Expense Amortized Premium of Bonds 4/1/2020 10/1/2020 4/1/2021 10/1/2021 4/1/2022 10/1/2022 3. Prepare the journal entry for payment of the interest at 10/1/2020, 4. Prepare the journal entry for ACCRUAL of interest at 12/31/2020 5. Calculate the Total Cost of Borrowing" on this issuance. 6. If the bonds are held to maturity, what journal entry would the company make at April 1, 2025