Problem 3-2 Blacklands, Inc. issues 300, $1,000 bonds on January 1, 2014. The bonds stated interest rate is 8%, but the market rate on that date is 6%. The firm will pay interest semi-annually on each June 30 and December 31. Blacklands will repay the full $300,000 principal when the bonds mature on December 31, 2018. Required: a. Calculate the bond issue price (its selling price) on January 1, 2014. b. Construct a bond amortization table in Excel. Use the following partial table as your template: Date Cash Paid Interest Expense Amortized Disc./Premium Unamortized Disc./Premium Present Value of Bonds 1/1/14 6/30/14 12/31/14 6/30/15 c. Make the necessary journal entries through December 31, 2014. d. Disclose the relevant financial statement information for 2014 (income statement, balance sheet, and statement of cash flows).