Problem 4: Bond interest and premium amortization (Ch.14, 25points) On January 1, 2020, the X Corp. issued five-year bonds with a face value of $4,500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield (market rate) of 14% and the issuance cost was ignored. Required: a. Calculate the price of bonds. (Show your work. 5 points) b. Prepare the journal entries and schedule of bonds discount amortization table for 2020 with the effective interest method, assuming that amortization is recorded on interest payment dates. (Show your work. 10 points) c. Prepare the journal entries and schedule of bonds discount amortization table for 2020 with the straight-line method assuming that amortization is recorded on interest payment dates. (Show your work. 10 points)