Please help with this question!! URGENT

On July 31,2021 , Ivanhoe Inc. issued $400,000 of 5 -year, 4% bonds at 103 . Interest is payable semi-annually on July 31 and January 31. Ivanhoe's fiscal year end is January 31. Is the market rate of interest higher or lower than 4% ? The market rate of interest is eTextbook and Media Question Part Score Record the issue of the bonds on July 31, 2021. (Credit account titles are automatically indented when the amount is entered indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Question Part Score Record the payment of interest on January 31,2022 , assuming the semi-annual amortization amount for this interest period is "No Entry" for the account titles and enter O for the amounts.)