National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $650,000 on January 1, 2021. The bonds mature on December 31,2024 (4 years). For bonds of similar risk and maturity the market yield was 10%. Interest is paid semiannually on June 30 and December 31. (EV of S1 PV of S1. EVA Of S1. PVA of S1. EVAD of S1 and PVAD of S1) (Use oppropriate 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 appropiate joutnal entries at maturity on December 31, 2024. On August 1, 2021, Limbaugh Communications issued $22 million of 11% nonconvertible bonds at 105 . The bonds are due on July 3 2041. Each $1,000 bond was issued with 40 detachable stock warrants, each of which entitled the bondholder to purchase, for $50 one share of Limbaugh Communications' no par common stock. Interstate Containers purchased 20% of the bond issue. On August 2021, the market value of the common stock was $48 per share and the market value of each warrant was $10. in February 2032. when Limbaugh's common stock had a market price of $62 per share and the unamortized discount balance was $2 million, Interstate Containers exercised the warrants it held. Required: 1. Piepare the joumal enthes on August 1, 2021, to record (a) the issuance of the bonds by Limbaugh and (b) the investment by Interstate. 2. Prepare the journal enties for both Limbaugh and interstate in February 2032 . to record the exercise of the warrants