how do i complete?

Bringham Company issues bonds with a par value of $550,000. The bonds mature in 7 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided.) 1. Compute the price of the bonds as of their issue date. 2. Prepare the journal entry to record the bonds' issuance. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the price of the bonds as of their issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round intermediate calculations to the nearest dollar amount.) Table Values are Based on: 14 4.0% Table Cash Flow Value Par (maturity) 0.5775 value Interest (annuity) 10.5631 Price of bonds Amount Present Value 31,763 X * $ 55,000 $ 16,500 = 174,291 206,054 Required 1 Required 2 > Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the journal entry to record the bonds' issuance. (Round intermediate calculations to the nearest dollar amount.) No Transaction Debit Credit General Journal Cash Discount on bonds payable Bonds payable 206,054 X