Reporting Financial Statement Effects of Bond Transactions on January 1, 2016, Shields, Inc., issued $800,000 of 9%, 20-year bonds for $879,172, yielding a market (yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year a. Show computations to confirm the bond issue price Round answers to the nearest whole number. Present value of principal repayment166,632 Present value of interest payments 712,549 879,172 Selling price of bonds d. Record each of the transactions from part b in the financial statement effects template Use rounded answers from above. When applicable, enter the total amount for liabilities Noncash Earned Transaction Cash Asset + - Liabilities Contr. Capital + Revenue Assets Capital 1/1/16: Issue bonds 6/30/16: Interest payment on bonds 12/31/16: Interest payment on bonds Please answer all parts of the question Revenue- ExpensesNet income 0 0 0 0 0 0 0 0 0 Reporting Financial Statement Effects of Bond Transactions on January 1, 2016, Shields, Inc., issued $800,000 of 9%, 20-year bonds for $879,172, yielding a market (yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year a. Show computations to confirm the bond issue price Round answers to the nearest whole number. Present value of principal repayment166,632 Present value of interest payments 712,549 879,172 Selling price of bonds d. Record each of the transactions from part b in the financial statement effects template Use rounded answers from above. When applicable, enter the total amount for liabilities Noncash Earned Transaction Cash Asset + - Liabilities Contr. Capital + Revenue Assets Capital 1/1/16: Issue bonds 6/30/16: Interest payment on bonds 12/31/16: Interest payment on bonds Please answer all parts of the question Revenue- ExpensesNet income 0 0 0 0 0 0 0 0 0