On January 1,2024 , NFB Visual Aids issued $900,000 of its 20 -year, 6% bonds. - The bonds were priced to yield 8%. - Interest is payable semiannually on June 30 and December 31. - NFB Visual Aids records interest expense at the effective rate and elected the option to report these bonds at their fair value - On December 31, 2024, the fair value of the bonds was $730,000 as determined by their market value in the over-the-counte market. - General (risk-free) interest rates did not change during 2024. Required: 1-a. Determine the price of the bonds at January 1, 2024. 1-b to 4. Prepare the necessary journal entries. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1,FVAD of $1 and Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1, 2024. Note: Round final answer to the nearest whole dollar. Prepare the necessary journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your intermediate calculations and final answers to the nearest whole dollar. Journal entry worksheet 4 Note: tncer aedits Derore creaits. TABLE 2 Present value of $1 mxz41/1.nn Table 4 Present Value of an Ordinary Annuity of $1