Instructions Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $73,900,000 of 10 year, 11% bonds at a market (effective) interest rate of 9%, receiving cash of 883,512,068. Interest on the bonds is payablo semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, 2091." 2. Journalize the entries to record the following." a. The first somiava interest payment on December 31, 2011, and the amortization of the bond premium using the straightine method (Round to the nearest dolar) m.woma moto b. The interest payment on June 30, 2012, and the amortization of the band premium, using the straight-line method. (Round to the nearest dollar) 3. Determine the total interest expense for 20Y1. 4. Will the bond proceeds always be greater than the face amount of the contract rate is greater that the market rate of interest? 5. Compute the price of $83,512,688 received for the bonds by using the pre *Refer to the Chart of Accounts for exact wording of account bles Instructions Final Questions 3. Determine the total Interest expense for 2011. Enter amount as a pos 4. Will the bond proceeds always be greater than the face amount of the bonds Yes No 5. Compute the price of $83,512,668 received for the bonds by using the present value Present value of the face amount Present value of the semiannual interest payments Price received for the bonds