National Orthopedics Co. Issued 8% bonds, dated January 1, with a face amount of $550,000 on January 1, 2021 The bonds mature on December 31, 2024 (4 years) For bonds of similar risk and maturity the market yleld was 10% Interest is paid semiannually on June 30 and December 31 (EVS1. PV of $1. FVA OSI. PVA 01:51. EVAD of S1 and PVAD of S1 (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds at January 1, 2021 2. Prepare the journal entry to record their issuance by National on January 1, 2021 3. Prepare an amortization schedule that determines interest at the effective rate each period 4. Prepare the journal entry to record interest on June 30, 2021 5. Prepare the appropriate journal entries of maturity on December 31, 2024 Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 Required Determine the price of the bonds at January 1, 2021. Found financers to the nearest whole dollar Table values are based on Cash Flow Amount Present Value cas Decofonds