Question 1 (22 marks) Ivanhoe Corporation issued $3.12 million of 7-year, 3% bonds dated January 1, 2021 for $2,755,244. The market interest rate when the bonds were issued was 5%. Interest is payable semi-annually on January 1 and July 1. Ivanhoe has a December 31 year-end. Were the bonds issued at a premium or a discount? Why? (2 marks) Prepare an amortization schedule for the first three interest payments. (12 marks) Prepare the journal entry to record the first interest payment on July 1, 2021. (3 marks) Prepare the journal entry to accrue interest expense on December 31, 2021. (3 marks) Prepare the journal entry to record the second interest payment on January 1, 2022. (2 marks) SHOW ALL CALCULATIONS! Plz answer Asap