Carla Vista Corp. issued $570,000 of 3-year, 6% bonds on May 1, 2021. The market interest rate when the bonds were issued was 8%. Interest is payable quarterly. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your Answer Correct Answer Your answer is correct What is the number of interest payments that will be made over the life of the bond? Number of interest payments 12 payments How much interest will be paid each period? Interest $ 8.550 Question Part Score 0/2 (c) Your Answer Correct Answer Your answer is correct. Determine the price of the bond. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 2 decimal places, s. 15.75) Price of the bond 5 5398602 Prepare the journal entry to record the issuance of the bond. (Credit account titles are automatically indented when the 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. Round answer to decimal places, es. 1.575.) Debit Credit Date Account Titles and Explanation May 1 To record issuance of bonds.)