On January 1, 2020, XYZ Corporation issued 8% bonds with a face amount of $4 million. The bonds mature in 8 years. For bonds of similar risk and maturity, the market yield is 6%. Interest is paid on June 30 and December 31 . The company fiscal year is the calendar year. Required: 1. Determine the price of the bonds at January 1, 2020. 2. Prepare ALL the necessary journal entries about those bonds for 2020 . 3. Prepare an amortization schedule showing the effective rate for 2020. 4. What is the amount related to the bonds that the company will report on its Dec.31, 2020 balance sheet? 5, What is the amount related to the bonds that the company will report on its Dec 31,2020 income statement? 6. Prepare the required journal entry if the company retires the bonds on December 31, 2020 after the payment of the interest, for a price of $3,800,000. Show your computations for each