Cansat, a Crown corporation owned by the government, issued bonds to finance the construction of the next generation of observation satellites. On January 1, 2020, Cansat issued 7%, 15-year bonds with a face value of $160,000,000. The bonds will pay interest semi-annually on June 30 and December 31. Your answer is correct. Calculate the amount of cash Cansat will receive if the bonds are sold under each of the following bond alternatives: i. 7% (issued at par) ii. a price of 95.542 to yield 7.5% iii. a premium in the amount of $7,600,000 and first interest expense of $5,447,000 Prepare the journal entry Cansat would record at the time of the issuance of the bonds under each of the alternatives. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation Debit Credit i. Cash 160000000 Notes Payable 160000000 ii. Interest Payable 152867200 Notes Payable 7132800 ji. Cash 167600000 Notes Payable 7600000 e Textbook and Media