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Nordic Company issued bonds with the following provisions: Maurrity yalue: $E,t},l}_ Interest TB percent per annum payahle semi-annually each June 3t} and December 31. Terms: Bonds dated January 1, 2111?, due ve years from that date. The company's scal year ends on December 31. The hands were sold on January 1, 201?, at a yield of 8 percent Required: 1. Compute the issue {sale} price of the bonds. {Round time value factor to II decimal places. Round the final answer to the nearest whole dollar.] _:| 2. Prepare the journal entry to record the issuance of the hands. [If no entry is required for a transactionleyent, select "Ho journal entry required" in the first account eld. Round the nal answers to the nearest whole dollar.]