QUESTION 1 1. Datos: On January 1, 2019, Firm X issued 7% bonds, face value $5,000,000 due at the end of 5 years with interest paid annually. Part 1: Assume yield rate is 6%. Yield Rate 6% Present value of 1 at 6% .74726 Present value of annuity (5 years 6%) 4.21236 1. How much was the bond sold? 2. Amount of Premium or Discount? 3. Present the calculation of how I arrive at these quantities of question 1 and 2: 4. Submit Jornal's entry for the company that issues the bond and for the investor who buys the bond, at the date of issuance. 5. Prepare the amortization table (in Excel) using the effective interest method: (1) (2) (3) (4) (5) Interest Discount Carrying Interest Expense Interest Amort. Value EOY Rato Year (4) x 8% Paid (1)-(2) (4) + (3) (1) (4) 6. Prepare the journal entries for the amortization of the bond for each of the 5 years: Part 2: Assume yield rate is 8% Yield Rate 8% Present value of 1 al 8% 68058 Present value of annuity (5 aos 8%) 3.99271 7. How much was the bond sold? 8. Amount of Premium or Discounted 9. Present the calculation of how I get to these amounts of question 7 and 8: 10. Submit Jornal's entry for the company that issues the bond and for the investor who buys the bond, at the date of issuance. 11. Prepare the amortization table (in Excel) using the effective interest method: Interest Discount Carrying Interest Expense Interest Amort. Value EOY Rate Year (4) x 8% Paid (1) - (2) (4) (3) (1) 14 12. Prepare the journal entries for the amortization of the bond for each of the 5 years