Problem 10-7AA (Algo) Computing bond price and recording issuance LO C2 Hartford Research issues bonds dated January 1 that pay interest semionnually on June 30 and December 31 The bonds have a $30.000 par value and an annual contract rate of 10%, and they mature in 10 years (flable B1. Table B2. Table B.3, and Table B.4) Note: Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations. Required: Consider each separate situation 1. The market rate at the date of issuance is 8% (a) Complete the below table to determine the bonds' issue price on January 1 (b) Prepare the journal entry to record their issuance. 2. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds' issue price on January 1 (b) Prepare the journal entry to record their issuance 3. The market rate at the date of issuance is 12% (a) Complete the below table to determine the bonds' issue price on January 1 (b) Prepare the journal entry to record their issuance Complete this question by entering your answers in the tabs below. Complete the below table to determine the bonds' issue price on lanuary 1 if the market rate at the date of issuance is 8%. Note: Pround all table values to 4 ceecimal places. Prepare the fournal entry to record their isscance, if the market rate of the dote of issuance bs theth. Journal entry worksheet Record the isoue of bonds with a par value of 530,000 on January 1 . Asoume that the market rate of interest at the dste of issoue lo on