Question 1 (12 points) On March 1, 2019, Fabian, Inc. issued a 5 year $300,000 10% bond at face. This bond pays interest semi- annually on March 1 and September 1 each year. Required a. Prepare the necessary entry to record the issuance of the bond on March 1, 2019. b. Prepare the entry to record the first interest payment September 1, 2019. C. Prepare the required adjusting entry at December 31, 2019. Question 2 (20 points) On January 1, 2020, XYZ made the decision to issue $500,000 of its 10% five year bond. The bond pays interest semi-annually on January 1 and July 1 each year. On January 1, 2020 the market rate of the bond was 8%. Required: a. Calculate the annual interest payment. b. Calculate the present value of the face amount of the bond. C. Calculate the present value of the interest payments. d. Determine the proceeds realized from the issuance of the bond e. Calculate the amount of any premiums/discounts. f. Prepare the entry necessary to record the issuance of the bond