On December 31 2018, Lugaboo Corporation issues 5%, 10 year convertible bonds payable with a face value of $3.000.000 The semiannual interest dates are June 30 and December 31 The market interest rate is 7% Lugaboo amortizes bond decounts using the effective interest method Read the reguxements Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. Round your answer to the nearest whole dolet) The issue price of the bonds is $ Requirement 2. Prepare an effective-interest method amortization table for the first foursomannunt interest ponad (Round your answers to the nearest wholo dollar) Lugaboo Corporation Amortization Table Discount Interest Expenso Amortization Descount Account Semiannual Interest Date Interest Payment Bond Carrying Amount Balance 12-31-2018 6.30 2019 12-31-2019 6-30-2020 12 312020 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) Journal Entry Date Accounts Debit Credit 2018 Dec 31 b. Record the payment of interest and amortization of the bonds on June 30, 2019 (Round your answers to the nearest whole dollar) Journal Entry Date Accounts Debit Credit 2019 Jun 30 c. Record the payment of interest and amortization of the bonds on December 31, 2019 (Round your answers to the nearest whole doll Journal Entry Accounts Date Debit Credit 2019 Dec 31 d. Record the conversion by the bondholders on July 1, 2020, of bonds with a total face value of $1,200,000 into 40.000 shares of Lugaboo's S1 par common stock (Round your answers to the nearest whole dollar) Journal Entry Accounts Debit Credit Date 2020 1 Requirement 4. Show how Lugaboo would report the remaining bonds payable on its balance sheet at December 31 2020 (Calculate the discount by multiplying the discount calculated in the original amortization table by the fraction of bonds remaining Round your answers to the nearest whole dollar) Lugaboo Corporation Partial Balance Sheet Docomber 31, 2020