! Required Information {The following information applies to the questions displayed below.) On January 1, 2021, Frontier World issues $40.7 million of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The proceeds will be used to build a new ride that combines a roller coaster, a water ride, a dark tunnel, and the great smell of outdoor barbeque, all in one ride. 3-a. If the market rate is 10%, calculate the issue price. (FV of $1. PV of $1. FVA of $1. and PVA of $1) (Use approprlate factor(s) from the tables provided. Do not round Interest rate factors. Enter your answers in dollars not in millions. Round "Market Interest rate" to 1 decimal place. Round your final answers to the nearest whole dollar.) Amount 40,700,000 S Bond Characteristics Face amount Interest payment Periods to maturity Market interest rate Issue price 3-b. The bonds will issue at A Discount O A Premium O Face amount Required Information [The following information applies to the questions displayed below.] On January 1, 2021. Splash City issues $300,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market Interest rate on the issue date is 8%, the bonds will issue at $279,615. Required: 1. Complete the first three rows of an amortization table. (Round your Intermediate and final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/21 6/30/21 12/31/21