Problem \#4 Galaxy Co. issued a 6%$200,000 bond for $220,000. The market rate is 4%. The bond was issued on January 1,2023 and matures on January 1, 2028. Interest is payable annually on January 1. Galaxy Co. uses the effective interest method of amortization. Instructions: Prepare an amortization schedule for the years 2023, 2024 and 2025 under the EIMOA. Instructions: (a) Calculate the issue price of the bonds. You must include appropriate formulas and arithmetic calculations in your answer. ABC Co. issued a 10 year 4% bond with a par value of $300,000 for $270,000. The market rate is 6%. The bond was issued on January 1 , 2023. Interest is payable semi-annually on July 1 and January 1. ABC Co. uses the straight-line method of amortization. Instructions: Prepare all the necessary journal entries for 2023 and 2024. Omit explanations and SKIP a line between journal entries