On January 1, 2021, Instaform, Inc., issued 10% bonds with a face amount of $49 million, dated January 1 . The bonds mature in 2040 (20 years). The market yleld for bonds of similar risk and maturity is 12%. Interest is paid semiannually. (FV of \$1. PV of \$1. FVA of \$1. PVA of S1. EVAD of S1 and PVAD of \$1) (Use appropriate factor(s) from the tables provided.) Required; 1-a. Determine the price of the bonds at January 1, 2021. 1b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1,2021. 2-b. Assume the market rate was 9%. Prepare the journal entry to record their issuance by instaform. 3. Assume Broodcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2 . prepare the journal entry to record the purchase by Broadcourt. Complete this question by entering your answers in the tabs below. Prepare the journal entry to record their issuance by Instaform. (If no entry is required for a transaction/event, select "No joumal entry recoired" in the first account neld. Enter your answern in whole dollars.)