Obviously Corporation Inc., is considering the sale of Option A $500,000 bond issue. The bond pays semiannual interest of $25,000 and is due in 10 years. Option A bond issue date is January 1, 2015. Interest payment dates are June 30 and December 31. The bonds are sold to yield 12%. Table Values are as follows: Present value of 1 for 10 periods at 10% Present value of 1 for 10 periods at 12% Present value of 1 for 20 periods at 5% Present value of 1 for 20 periods at 6% Present value of annuity for 10 periods at 10% Present value of annuity for 10 periods at 12% Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 6% 0.38554 0.32197 0.37689 0.31180 6.14457 5.65022 12.46221 11.46992 1 Calculate the selling price of Option A bond issue in dollars. Show your work. 2 Calculate the selling price of Option A bond issue as a percentage. Show your work. 3 Prepare the journal entry to record the bond issue. 4 Prepare the amortization schedules for the bond issue for years 2015 and 2016 using the effective interest method