Campbell inc produces and selts outdoor equipenent: On July 1,20Y1, Campbet issued $73,900,000 of 10 year, 11% bonds at a market (effective) interest rate of year. Required: 1. Jownalze the entry to focord the amount of cash procoeds from the issuance of the bonds on duly 1,20r t 2 Joumakte the entries fo record the following: b. The intevest payment on tune 30.20Y, and the amarcation of the bond premium, using the straight-tine mothod 3. Detemine the folat interest expense for 20rt 4. Wir the bond proceeds always be greater than the face amount of the bonds when the contract rate is greater than the market rate of interest? 5. Compute the price of $83,512,668 recewed for the bonds by using the present value tables