Intella Technology, Incorporated is an IFRS reporter. On January 1, 2022, Intella Technology issued $840,000 of $1,000 par value, 6%, 6-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2022. The market rate of interest for similar non-convertible bonds on the date of the bond issue was 10%. However, because these bonds are convertible, the effective rate is 8%. The bonds were issued for $761,165. Each bond is convertible into 70 shares of Intella Technology's $5 par value common stock. Assume there is no beneficial conversion option. Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table Read the requirements Requirement a. Determine the present value of bond cash flows. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answers to the nearest whole dollar.) The present value of the bond cash flows = Requirements a. Determine the present value of bond cash flows. b. Prepare the amortization table for the bond issue through January 1, 2025, assuming that Intella Technology uses the effective interest rate method of amortization c. Prepare the journal entry when the bonds are issued. d. The bonds converted on January 1, 2025. Prepare the journal entry to record the bond conversion. Print Done