On January 1,2024, NFB Visual Aids issued $920,000 of its 20 -year, 8% bonds. - The bonds were priced to yield 10%. - Interest is payable semiannually on June 30 and December 31 - NFB Visual Alds 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 $770,000 as determined by their market value in the over-the-counter 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, EVA of \$1, PVA of \$1. EVAD of \$1 and PVAD or $1)