On January 1, 2018, Corp X issued 3%, 3 Y year Bonds to the public, and also signed a 3 and 1/2 -year lease with PH Corp. Payments of $10,000 on the lease are made at the end of the year for years 1,2 and 3 and ($5,000 in the last period; year 4.) There is a bargain purchase for the purchase of the asset for $3,000 at the end of the lease term. The asset has a fair value of $35,000 and has a useful economic life of 4 years. Corp. X is rated as a BBB rated company by Moody's Investors-a rating company. Additional Facts 1-BBB Market Interest rates: Date of issue on 12/31/2019 Year 1 2% 1.5% Year 2 2.5% 2.0% Year 3 2.75% 2.5% Year 4 3,5% 3.0% Year 5 4.0% 4.0% Question 1-4 parts 1-Calculate the market interest rate at date of issue? 2-Calculate the price of the bond at the date of issue? 3-What is the interest expense in Year 1-2018? 4-What is the Balance Sheet value of Bonds payable on 12/31/19? Please provide 2 answers