On June 1, 2020 JetCom Inventors Inc issued a $540,000. 12%, 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 13%. (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 Discount Amort. Period Interest Expense Carrying Value Unamortized Discount June 1/20 Dec. 1/20 June 1/21 Dec. 1/21 June 1/22 Dec. 1/22 June 1/23 Totals 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. View transaction list Journal entry worksheet 1 2 3 4 Record issued bond at discount. Note: Enter debits before credits Credit Date Debit General Journal June 01, 2020 Part 2 Show how the bonds will appear on the balance sheet under non-current liabilities at January 31, 2022. (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar.) Balance Sheet (Partial) Non-current liabilities