E9-46. Reporting Financial Statement Effects of Bond Transactions On January 1, 2016 Shields, Inc., issued $800.000 of 9%, 20-year bonds for $879 172 y el in market (yield) at f S%, Semiannual interest is payable on June 30 and December 31 of each)y a. Show computations to confirm the bond issue price. b. Prepar journal cnris orecod the bond isuance, semiannual interest payment and re amortization on June 30,2016, and semiannual interest payment and premium anmd on December 31, 2016.Use the effective interest rate method. c. Post the jounal entris rom part b to their respective T-accounts. d. Recond each of th transaction from pat bin the financial statement effects tlilpu 47 Angluzing Ron D