Q2: On January 1, 2014, Academy Company issued 8\%,20-year bond payable with maturity $600,000. The bonds pay interest on July 1 and December 31 . Company amortizes bond discount by straight-line method. The issue price of the bond is 95 . Show the calculationsill Requirements: a. Calculate the issue price of the bond. b. Journalize the issuance of the bonds on January 1,2014 . c. Journalize the semiannual interest payment and amortization of bond discount on July 1,2014 . d. Journalize the interest payment on Dec 31, 2014