On December 31, 2018, Caraboo Corporation issues 5%, 10-year convertible bonds payable with a face value of $1,500,000. The semiannual interest dates are June 30 and December 31. The market interest rate is 12%. Caraboo amortizes bond discounts using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is $ Requirement 2. Prepare an effective-interest method amortization table for the first four semiannual interest periods. (Round your answers to the nearest whole dollar.) Caraboo Corporation Semiannual Interest Date Interest Payment Interest Expense Amortization Table Discount Amortization Discount Account Bond Carrying Balance Amount 12-31-2018 6-30-2019 12-31-2019 6-30-2020 12-31-2020 Requirement 3. Journalize the following transactions. (Record debits first, then credits. Exclude explanations from all journal entries.) a. Record the issuance of the bonds on December 31, 2018. Credit Convertible Bonds Payable. (Round your answers to the nearest whole dollar.)