On 1/1/2020 Big Sky Inc., issued $50,000,000, 6%, due 12/31/2022. The coupon payments (i.e., 3% semi-annual.) are paid on June 30th & Dec 31st. At the time of issue, the stated market rate for similar bond issues was 4%, (i.e., 2% semi-annual.) a) Calculate the issue price (present value) of the bond proceeds. (round to nearest dollar). (Show and label your work). b) Complete the bond amortization table below. (use EXCEL & round to the nearest dollar) There will be a rounding error. c) Prepare the accounting journal entries for the bond issue on the Journal Entry Sheet. Unamortized Cash Payment Interest Expense Bond Carrying Value Date Amortization 01/01/20 06/30/20 12/31/20 06/30/21 12/31/21 06/30/22 12/31/22 page 2