On January 1, 2021, Hawk Co. issued $700,000 of 10%, 6-year bonds to yield 8%. The bonds pay interest on Juanary 1 and July 1. 1. Calculate the bond issue price. Use Table 6-2 and 6-4 to get the present value factors. Round to the nearest dollar PV Factor PV of the Principal: Xxx PV of the Interest Payments: Bond Issue Price: XX XX XX 2. Use Excel formulas to construct the bond discount/premium amortization schedule. Lable the columns properly. Round to the nearest dollar. At the end, a few dollars difference caused by rounding is acceptable. Schedule of Bond Discount/Premium Amortization Effective Interest Method 3. Prepare journal entries for the following dates. Debit Credit 1/1/21 7/1/21 12/31/21 1/1/22