Part 2: Present Value of Bonds - Use the present value tables at the end of this document (or in your text) to complete the following questions. ROUND YOUR ANSWERS TO THE NEAREST WHOLE DOLLAR 5. Revolting Socks Corp. issued $200,000 of 10-year bonds on January 1, 2020. The bonds have a stated rate of interest of 10% per year payable in two installments on June 30th and December 31st of each year. The market interest rate is 12%. a. Is this bond issued at a Premium, a Discount, or at Face Value? How do you know? b. What is the semi-annual interest payment amount on this bond? c. What is the issue price of the bonds on January 1, 2020? d. Prepare the journal entry to record the issuance of the bonds on 1/1/2020? 1/1/2020