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On October 1, 2020, Eastern Timber Inc. has available for issue $880,000 bonds due in four years. Interest at the rate of 8.00% is to be paid quarterly. Calculate the issue price if the market interest rate is: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Issue Price a. 9% b. 8% c. 7% On October 1, 2020, Dejour Energy Inc. issued a $699,000, 11.0%, seven-year bond. Interest is to be paid annually each October 1 Dejour Energy Inc. has a November 30 year-end. (Use TABLE 14A.1 and TABLE 14A.2.). Note: Use table values for PV calculations. (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 12.0% on the date of the bond issue. (Do not round intermediate calculations. Round the final answers 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 Expense Discount Amortization Unamortized Discount Carrying Value Oct 1/20 Oct 1/21 Oct 1/22 Oct 1/23 Oct 1/24 Oct 1/25 Oct 1/26 Oct 1/27 Totals 0 $ 0 $ 0 $ Part 1 Record the following entries: (Round your intermediate calculations and final answers to the nearest whole dollar.) a. Issuance of the bonds on October 1, 2020 b. Adjusting entry to accrue bond interest and discount amortization on November 30, 2020 c. Payment of interest on October 1, 2021