Lassen Corporation issued 15 year term bonds on January 1, 2015 with a face value of $500,000. The face interest rate is 8 percent and interest is payable semi-annually on June 30 and December 31. The bonds were issued to yield an effective annual rate of 10 percent. a) Calculate the issue price of the bond b) Calculate the issue price of the bond as a percentage c) Prepare journal entry to record the sale of the bond