Question 4 Pina Ltd. sold $6,830,000 of 8% bonds, which were dated March 1, 2020, on June 1, 2020. The bonds paid interest on September 1 and March 1 of each year. The bonds' maturity date was March 1, 2030, and the bonds were issued to yield 10%. Pina's fiscal year end was February 28, and the company followed IFRS. On June 1, 2021, Pina bought back $2,130,000 worth of bonds for $2.730,000 plus accrued interest. Using 1. a financial calculator, or 2. Excel function PV, calculate the issue price of the bonds and prepare the entry for the Issuance of the bonds. (Hint: Use the account interest Expense in your entry). (Round answer to 0 decimal places, 2.9.5,275. Credit account titles are automatically indented when the amount is entered Danoindent manually Account Titles and Explanation Debit Credit CHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry for the scheduled interest payment on September 1, 2020. (Round answer to 0 decimal places, e.g. 5,275. Credit account titles are amatically indented when the amount is entered. Do not indent manually.) Date Account Tities and Explanation Debit Credit Sept. 1, 2020 Prepare any year-end entry required at February 28, 2021. (Round answer to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Feb. 28, 2021 SHOW LIST OF ACCOUNTS UNK TO TEXT Prepare the entry required for the redemption of face value $2,830,000 of the bonds on June 1, 2021. (Round answer to o decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Account Titles and Explanation Date Credit June 1, 2021