On January 1, 2017, Whitefeather Industries issued 500, $1,000 face value bonds. The bonds have an) 10-year life and pay interest at the rate of 10%. Interest is paid semiannually on July 1 and January 1. The market rate of interest on January 1 was 10%. Use the present value tables that may be found by clicking on the present value table links above. Round your answer to the nearest dollar. Required: 1. Calculate the issue price of the bonds and record the issuance of the bonds on January 1, 2017. Round your final answer to the nearest dollar. 500.000 Identify and analyze the effect of the issuance of the bonds on January 1, 2017. Activity Accounts Statement tinand Casheni Bentle Income Statementet How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, I.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Sockholders Liabilities Revenues 2. How would the issue price have been affected if the market rate of interest had been higher than 10% 3. Identify and analyze the effect of the payment of interest on July 1, 2017. Activity Accounts Statements How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet She Assets Lates 4. Calculate the amount of interest accrued on December 31, 2017. If required, mrt dollar