On January 1, 2023, ABC Co. issues $100,000 of 5-year, 6% bonds. The face value of each bond is $1,000. The interest is payable semi-annually on each June 30 and December 31. ABCs year ends on December 31. A. Calculate the market value of the bonds at each of the following market interest rate: 1. 6% ($74,409 + 25,591 = $100,000) 2. 4% ($82,035 + 26,948 = $108,983) 3. 8% ($67,556 + 24,333 = $ 91,889) B. Assume that the market interest rate is 6%. 1. Prepare the journal entry to record the issuance of the bonds on January 1, 2023. 2. Prepare journal entries on June 30, 2022, and December 31, 2023. 3. Explain how the bonds are classified at December 31, 2023. 4. Explain how the bonds are classified at December 31, 2026. 5. On December 31, 2027, ABC Co. repays the principal of $100,000 plus the final coupon payment of $3,000. Prepare all necessary journal entries. 6. Instead, assume that on January 1, 2027, ABC Co. retires all the bonds at 102 (i.e., $102,000). Prepare all necessary journal entries.