Part lll - Problems 1. Pure Safety Face Mask Manufacturing issues 6.5%, five-year bonds dated January 1, 2020, with a $500,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $510,666. The annual market rate is 6% on the issue date. (10 points) Required: A. Are the bonds issued at par, a discount, or at a premium? B. Complete the below table to calculate the total bond interest expense over the bonds' life. Total bond interest expense over life of bonds: Amount repaid: payments of $ Par value at maturity $ Total repaid $ Less amount borrowed ($ Total bond interest expense $ C. Prepare the journal entries for the two interest payments that would be made in 2020: I. Entry # Date General Journal Account Debit Credit II. Entry# Date General Journal Account Debit Credit