Coronado Ltd$.$ issued a $$992,000,10-$year bond dated January $1,2023.$ The bond was sold to yield $12\%$ effective interest. The bond paid $10\%$ interest on January $1$ and July $1$ each year. The company's year$-$end was December $31,$ and Coronado followed IFRS. Using $1.$ factor Tables $2.$ a financial calculator, or $3.$ Excel function PV$,$ calculate the amount received for the bond, and any discount or premium on the bond. Click here to view the factor table PRESENT VALUE OF $1.$ Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF $1.($Round present value factor calculations to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answers to $0$ decimal places e$.$g$.58,971.)$ Proceeds from sale of bond on bond $

prepare the journal entries for the above transaction