On June 1, 2020, JetCom Inventors Inc. Issued a $480,000 8%, three-year bond. Interest is to be paid semiannually beginning December 1, 2020. Required: a. Calculate the issue price of the bond assuming a market Interest rate of 9%. (Do not round Intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond b. Using the effective Interest method, prepare an amortization schedule. (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Discount Unamortized Carrying Expense Amort. Discount Value June 1/20 $ 0 Dec. 1/20 19,200 June 1/21 19,200 Dec. 1/21 19,200 June 1/22 19,200 Dec. 1/22 19,200 June 1/23 19,200 0 0 Totals $ 115,200 $ 0 S 0 Part 1 Prepare journal entries to the following. (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar.) a. Issuance of the bonds on June 1, 2020 b. Payment of Interest on December 1, 2020 c. Adjusting entry to accrue bond Interest and discount amortization on January 31, 2021 d. Payment of Interest on June 1, 2021 Assume JetCom Inventors Inc. has a January 31 year-end.