o On December 31, 2018, Tugaboo Corporation issues 8%, 10-year convertible bonds payable with a face value of $5,000,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 12%. Tugaboo amortizes bond discounts using the effective-interest method. Read the requirements Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) Requirements X The issue price of the bonds is $ 1. 2. 3. Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answers to the nearest whole dollar.) Tugaboo Corporation Amortization Table Semiannual Interest Discount Discount Account Bond Carrying Interest Date Payment Interest Expense Amortization Balance Amount 12-31-2018 6-30-2019 12-31-2019 6-30-2020 12-31-2020 Use the PV function Excel to calculate the issue price of the bonds. Prepare an effective interest method amortization table for the first four semiannual interest periods. Journalize the following transactions: a. Issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable. b. Payment of interest and amortization of the bond discount on June 30, 2019. C. Payment of interest and amortization of the bond discount on December 31, 2019. d. Conversion by the bondholders on July 1, 2020, of bonds with a total face value of $2,000,000 into 90,000 shares of Tugaboo's $1-par common stock. Show how Tugaboo would report the remaining bonds payable on its balance sheet at December 31, 2020. 4. Requirement 3. Journalize the following transactions. (Record debits first, then credits. Exclude explanations from all journal entries.) a. Record the issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable. (Round your answers to the nearest whole dollar.) Print Done Journal Entry Accounts Date Debit Credit Choose from any list or enter any number in the input fields and then continue to the next