On January 1, 2017, when the current market interest rate was 8%, Waveland Corporation issued $120,000,000, 5-year bonds. The bonds pay an annual coupon rate of 10%. are made semi-annually on June 30th and December 31st Interest payments REQUIRED: a. At what price should this bond offering sell? b. Create a table showing the amortized premium or discount the first three years of the bonds. c Prepare the journal entry on the date of the bond issuance. d. Prepare the first two semiannual interest payment journal entries. BOND AMORTIZATION WORKSHEET (EFFECTIVE INTEREST METHOD) NECESSARY BOND FACTS: Face Amount: 1st Interest Pmt Date: Annual OR Semi-Annual? Issue Price/Amount/% Bond Term: Discount/Prem Amount: Stated Interest Rate: Issue Date: Market Interest Rate: New Date Interest Pmt *Use Face Amt & Stated Rate Interest Exp Use CV & Market Rate Discnt/Prem Amortization New Discnt/Prem Bal Carrying Value (CV)