Norkoo Corporation sold $500,000 of 10% three-year bonds on their date of issue, January 1, 202x. Interest is payable on each June 30, and December 31. The bonds were sold when the market rate was 12%. (Round all answers to the nearest dollar.) Part A Required: Calculate the issue price of the bond. Part B Required: Prepare the journal entry to record the sale of the bonds on their date of issue. Part C Required: Prepare the entry to record the interest payment on June 30, 202x and amortize the premium or discount using the effective interest method. Part D THIS NEXT TRANSACTION IS UNRELATED TO THE PRIOR BOND TRANSACTION IN PARTS A TO C...... March 1, Sochi Corp. paid $106,000 to retire a $100,000 bond with a $105,000 carrying value. Required: Prepare the entry to retire the bond. Part A Calculate the issue price of the bond. Part B: Date Account Titles and Explanation PR Debit Credit Jan 1 Part C: Date Account Titles and Explanation PR Debit Credit Jun 30 Part D: Date Account Titles and Explanation PR Debit Credit Mar 1