On December 31, 2021, Mugaboo 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 6% Mugaboo amortizes bond discounts using the effective interest method. Read the requirements Requirements Requirement 1. Use The issue price of th 1. 2. Requirement 2. Pre dollar) 3. Semiannual Interest Date: 12-31-2021 6-30-2022 12.31.2022 4. 6.30-2023 Use the PV function in 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, 2021. Credit Convertible Bonds Payable b. Payment of interest and amortization of the bond discount on June 30, 2022 c. Payment of interest and amortization of the bond discount on December 31, 2022 d. Conversion by the bondholders on July 1, 2023, of bonds with a total face value of $1,200,000 into 40,000 shares of Mugaboo's $1-par common stock Show how Mugaboo would report the remaining bonds payable on its balance sheet at December 31, 2023 ole dollar) your answers to the nearest whole 12-31-2023 Requirement 3. Jou Print Done entries) Next