Problem 14-1 Determining the price of bonds, discount and premium; issuer and investor (LO14-2 On January 1, 2018, Instaform, Inc., issued 12 bonds with a face amount of 55 million dated January 1 The bonds mature in 2037 120 years). The market yield for bonds of similar risk and maturity is 14% Interest is paid semiannually V P VS1 EVA O PVA OL$1. EVAD $ and PVAD OLSD) (Use appropriate factor(s) from the tables provided.) Required: 1-a. Determine the price of the bonds at January 1 2018 1-b. Prepare the journal entry to record the issuance by Instant 2-a. Assume the market rate was 15 Determine the price of the bonds at January 2018 2-b. Assume the market rate was 11. Prepare the journal entry to record their issuance by Instaform 3. Assume Broadcourt Electronics purchased the entire issue a private placement of the bonds ung the data in requirement prepare the journal entry to record the purchase by Broadcourt Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1, 2016. Enter you were Price of the bonds Reg 10 >