On March 1, 2018, Lloyd Corporation sold $400,000 of 12 percent, 5-year bonds at a market rate of 10 percent compounded semiannually. Interest is payable on March 1 and September 1 of each year. The corporation is a calendar-year corporation. Bond premiums and discounts are amortized on interest-paying dates and at year-end. Use the effective-interest method of amortization. 1. Determine the price at which the bonds would be sold. 2. Prepare the journal entries that are appropriate to account for these bonds on the following dates (Round amounts to the nearest dollar.): March 1, 2018; September 1, 2018; and December 31, 2018; March 1, 2019