On January 1, 2021, Instaform, Inc., issued 12% bonds with a face amount of $75 million, dated January 1. The bonds mature in 2040 (20 years). The market yield for bonds of similar risk and maturity is 14%. Interest is paid semiannually. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 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. 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 11%. Determine the price of the bonds at January 1, 2021. 2-b. Assume the market rate was 11%. Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt 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.

i posted the PV factor tables

TABLE 1 Future Value of $1 FV=$1(1+i)n PV=$1 3 Future Value of an Ordinary Annuity of $1 FVA=i(1+i)n1 TABLE 4 Present Value of an Ordinary Annuity of $1 PVA=;1(1+i)1 TABLE 5 Future Value of an Annuity Due of $1 FVAD=[i(1+i)n1](1+i) LE 6 Present Value of an Annuity Due of $1 PVAD=[i1(1+i)a1](1+i) Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1,2021 . (Enter your answer in whole dollars.) Prepare the journal entry to record their issuance by Instaform. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Assume the market rate was 11%. Determine the price of the bonds at January 1,2021 . (Enter your answer in whole dollars.) Assume the market rate was 11%. Prepare the journal entry to record their issuance by Instaform. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Note: Enter debits before credits. Assume Broadcourt 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) Journal entry worksheet Record the purchase of bonds by Broadcourt. Note: Enter debits before credits