Ng Company (whose CEO is Sidhuey) issued a bond with face value of $800,000 that will be matured in 8 years at 5% coupon rate. (You may use PV and PV of an Ordinary Annuity tables in the text book.) Required: 1. Prepare journal entries for the issue of the bond when market rate is 6%. 2. Prepare journal entries for the issue of the bond when market rate is 4% 3. Using the effective interest method, prepare journal entries for the interest payment and bond amortization for the end of year 1 and 2. (Market rate is 6%.)