COMPUTER PROBLEM---TRY IT FIRST BY HAND! FACTS: HALL & JENSEN (HJ) COMPANY ISSUED A TWO-YEAR BOND AT THE BEGINNING OF 2021 (January 2, 2021), THE BOND HAS A FACE VALUE OF $500,000 WITH A STATED RATE OF INTEREST OF 4%. PRICES THE BOND SO THAT IT WILL YIELD 6%. THE BONDS PAY INTEREST SEMI-ANNUALLY ON 6-30 AND 12-31. Compute the cash proceeds from the bond issue: PV of the Face amount: PV of the interest: Complete the amortization schedule below. Due to rounding you may be off by $1.00. DATE 1-2-21 6-30-21 12-31-21 6-30-22 12-31-22 CASH INTEREST EXPENSE BOND DISCOUNT Record the journal entries that the company should make on: Journal entries: 1-2-21: 12-31-21: 6-30-21: CARRYING VALUE BS Presentation 6-30-22