On January 1, 2018, Baruch& Co. issues convertible bonds with a maturity of 5 years. The par value of the bonds is $400,000, the coupon rate is 6%, and the compounding period is semi-annual with interest paid on June 30" and December 31". The market prices these bonds using an interest rate (effective rate) of 4% c annually.E senni 1. Prepare a journal entry for the issuance on January 1, 2018. (5 points) 2. The effective rate on June 30, 2018 is 6% compounded semi-annually. Prepare a journal entry for the interest payment on June 30, 2018(5 points)