Q1: In a 4% interest rate environment, you are issuing a 5-year, $60,000 bond paying semi-annual coupons (4.20% annual coupon rate). What is the bond's fair market value? Make a journal entry to record the issue of the bond. Assume a date of January 14, 2020. You decide to retire the bond after two years for $60,350. Make an appropriate two-year amortization schedule for this bond and record the journal entry for the retirement. 02: On January 1", 2021, Penny signs a $3,000 10% 2-year note in exchange for inventory. Assuming she doesn't pay interest at the end of the first year but accrues it, make the December 31, 2021 journal entry. At maturity, Penny pays her debt (assume interest accrues on the full owed balance). Make the journal entry on December 31, 2022