Problem 14-1AA Computing bond price and recording issuance LO C2, P1 Hartford Research issues bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. The bonds have a $37000 par value and an annual contract rate of 12%, and they m ature in 10 years. ClableBI. TableB2. TableB3, and TableBA (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Required: Consider each of the following three separate situations. I. The market rate at the date of issuance is 10%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance. 2. The market rate at the date of issuance is 12%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance. 3. The market rate at the date of issuance is 14%. (a) Complete the below table to determine the bonds' issue price on January 1, 2017 (b) Prepare the journal entry to record their issuance. Required 1A Required 1B Required 2A Required 2B Required 3ARequired 3B Complete the below table to determine the bonds' issue price on January 1, 2017, if the market rate at the date of issuance is 10%. Table values are based on: 20 5.0% o n2 Table ValueAmount Present 0.3769$ 37,000s 13,945 Cash Flow Val Par (maturity) value Interest (annuity) 12.4620 s 2,22027666 Price of bonds 41,611 Required 18>