On 1-1-2022 Parker Company issued a 3%, $300,000 five year bond with interest paid semiannually on June 30 and December 31. Parker prices the bond to yield 5%. Required (Round all calculations to the nearest dollar!) 1. Compute the cash proceeds AND the issue price of the bond on 1-1-2022: Cash proceeds: Issue price: 2. Record the journal entry on 1-1-22 for the issuance of the bonds 3. Why is Parker Company issuing the bonds to yield a greater return than 3%? Be clear! 4. Complete the partial amortization schedule below for the bonds using the effective interest method Date 1-1-22 6-30-22 12-31-22 Cash Interest Expense Bond Discount Carrying Value