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 foce amount of $75 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. (FV of $1. PV of $1. FVA 1 PVA of S1, FVAD of S1 and PVAD of S1) (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 their issuance by Instaform 2.a. Assume the market rate was 11%. Determine the price of the bonds at January 1, 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 in a private placement of the bonds. Using the data in requirement 2 prepare the journal entry to record the purchase by Broadcourt Complete this question by entering your answers in the tabs below. Req IA Req 1B Reg 2A Req 25 Reg 3 Determine the price of the bonds at January 1, 2018. (Enter your answer in whole dollars.) Price of the bonds Reg 10 >