Harold Corporation issued 9%, five-year bonds with a par value of $300,000, on January 1,2022 . The bonds were sold at $312,177 based on an annual market rate of 8%. Harold uses the effective interest amortization method. Interest is paid semiannually on June 30 and December 31. (Round to the nearest dollar) Required: a. Prepare the issuer's journal entry to record the issuance of the bond. (3 marks) b. Prepare an effective interest amortization table for the first two interest payment periods using the format shown below: (5 marks) c. Assuming the company calls the bonds at $313,000 on January 1, 2023 after the first two interest payments. Prepare the journal entry to record the retirement of the bonds. (4 marks) d. What are the reasons for issuing debt securities rather than issuing equity securities? Explain the impact on balance sheet when firm issuing bonds and shares, respectively. (8 marks)