On January 1, 2022, DiRaddo Co. issued $700,000 of 10%, 6-year bonds to yield 12%. 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: xx xx PV of the Interest Payments: xx xx Bond Issue Price: 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 1/1/22 7/1/22 12/31/22 1/1/23