IV. BONDS ISSUED AT Legacy issues $325,000 of 5%, four-year bonds dated January 1, 2019, that pay interest semiannually on 6/30 and 12/31. The market rate is 8% at the time of issuance of the bonds. Answer the following questions. A. From the information above, we know that the bonds were sold at (circle one): At premium At discount At par B. How much cash proceeds will Austin Inc. receive when they issue the bonds? At par TABLE CASH FLOW Par value of the bond PV FACTOR AMOUNT PV na R= Semiannual interest payment n = R= Price of the bond C. Assuming the facts above, prepare the journal entry for the issuance of the bonds. D. At issuance of the bond, show how the bond will look on the balance sheet as of 1/1/19. E. How many times will the journal entry for the interest payment be made over the life of the bond