Required information (The following information applies to the questions displayed below.) On January 1, 2019, Learned Inc, issued $9 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2038. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) Required: a. Calculate the proceeds (issue price) of Learned Inc.'s, bonds on January 1, 2019, assuming that the bonds were sold to provide a market rate of return to the investor. (Round PV factor to 4 decimal places. Enter your answers in dollars, rather than in millions of dollars.) Proceeds ! Required information (The following information applies to the questions displayed below.] On January 1, 2019. Learned Inc, issued $9 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2038. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) b-1. Assume instead that the proceeds were $9,404,000. Use the horizontal model to record the payment of semiannual interest and the related premium amortization on June 30, 2019, assuming that the premium of $404,000 is amortized on a straight-line basis. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect. Enter your answers in dollars, rather than in millions of dollars.) Balance Sheet Liabilities Income Statement Revenues Assets Stockholders' Equity Net Income Expenses Required information (The following information applies to the questions displayed below.] On January 1, 2019, Learned Inc, issued $9 million face amount of 20-year, 14% stated rate bonds when market interest rates were 16%. The bonds pay interest semiannually each June 30 and December 31 and mature on December 31, 2038. Table 6-4, Table 6-5 (Use appropriate factor from the table provided.) b-2. Assume instead that the proceeds were $9,404,000. Record the journal entry to show the payment of semiannual interest and the related premium amortization on June 30, 2019, assuming that the premium of $404,000 is amortized on a straight-line basis. (Enter your answers in dollars, rather than in millions of dollars. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet