/ Continuing uns Dashboard Bonds (24 marks) On January 1, 2019, the Board of Directors of Expansion has approved the issuance on of 10 year $10,000,000 bonds with a coupon rate of 8%. Interest would be paid semi-annually on June 30th and December 31st Selling the issue has been much more difficult than expected. The only group of investment bankers expressing any interest in the bonds has indicated it must earn a 12% return on its investment. Required: 1. Prepare the journal entry to record the issuance of the bonds assuming the proposal from the investment bankers is accepted. Show all calculations. (6 marks) 2. Prepare the journal entries to record interest expense for June 30 and December 31, 2019 using method prescribed by GAAP. (8 marks) 3. On July 1, 2020, the company repurchased 40% of the bonds at 112. Prepare the journal entry to record the repurchase of the bonds. (6 marks) 4. Prepare, in good form, the presentation of Expansion's bonds on it halanopol