Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $40,000 par value and an annual contract rate of 10%, and they mature in 10 years. Table B.1. Table B 2. Table B3, and Table 8.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Required: Consider each of the following three separate situations. 1. The market rate at the date of issuance is 8%. (a) Complete the below table to determine the bonds'issue price on January 1, 2017 b) Prepare the journal entry to record their issuance. 2. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds'issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance. 3. The market rate at the date of issuance is 12% la) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance, Complete this question by entering your answers in the tabs below. Required 1A Required 18 Required 2A Required 28 Required A Required Complete the below table to determine the bonds issue price on January 1, 2017, if the market rate at the date of issuance is Table values are based on Present Table Value Amount Cash Flow Par matunty) value Interest (annuity) Price of bonds Required 18 > Record the issue of bonds with a par value of $40,000 cash on January 1, 2017. Assume that the market rate of interest at the date of issue is 8%. Note: Enter debits before credits General Journal Debit Credit Date Jan 01, 2017 Bond interest expense Bond interest payable Bonds payable Cash View general journal Record entry Common stock Required 1A Required 18 Required 2A Required 28 Required A Required Complete the below table to determine the bonds issue price on January 1, 2017, the market rate the 10% Table values are based on Cash Flow Table Value Amount Present Value Par m urity) value Interest (annuity) Price of bonds Required 38 Required 2B Record the issue of bonds with a par value of $40,000 on January 1, 2017 Assume that the market rate of interest at the date of issue is 12%. Note: Enter debits before credits General Journal Date Jan 01, 2017 Debit Credit