On January 1 19X1, Jak Company issued $100,000 of 10% bonds, due December 31, 19X10 (10 years). Interest is t be paid semiannually on June 30 and December 31. At the time the bonds were issued, the internal rate of return was 8%. Instructions: A) Calculate and journalize the proceeds of the bond issue from the perspective of the Long-term ISSUER. Show your work clearly and systematically, labeling all figures and computations. B) Prepare a schedule to calculate interest and amortization of the premium or discount only for the first two years' semiannual periods through 12/31/X2 using the effective interest method, labeling all figures. C) Prepare the entry to call-in or otherwise retire the bonds on January 1, 19x3 @ 101, labeling all figures from the perspective of LONG-TERM INVESTOR