HW Help Save& Exit Submi Check my work 14-9 Issuance f bonds; effective interest amortization schedule; financial statement effects LO14-2] When Patey Pontoons issued 1 and maturity was 0% bonds on January 1, 2018, with a face amount of $880,000, the market yield for bonds of similar risk nterest is paid semian ly on June 11%. The bond s mature December 31 , 2021 (4 years). I nual 30 and December 31. of S1. PV of S1. FVA of S1, PVA of S1. EVAD of $1 and PVAD of $) (Use appropriate factorts) from the tables provided.) 1. Determine the price of the bonds at January 1, 2018. 2. Prepare the journal entry to record their issuance by Patey on January 1, 2018. an amortization schedule that determines interest at the effective rate each period. 4. Prepare the journal entry to record interest on June 30, 2018. 5. What is the amount related to the bonds that Patey will report in its balance sheet at December 31, 2018? 6. What is (Ignore income taxes) 7. Prepare the appropriate journal entries at maturity on December 31, 2021, the amount related to the bonds that Patey will report in its income statement for the year ended December 31, 2018? Complete this question by entering your answers in the tabs below. Req 2 Req 3 Req 4 Req S and 6 Req 7 e price of the bonds at January 1, 2018. (Round final answers to the nearest whole dollar.)