Several years ago. Cyclop Company issued bonds with a face value of $1,000,000 for $1,135,000. As a result of declining interest rates. the company has decided to call the bonds at a cail premum of 5 percent over par. The bonds havea curtent book value of 51,035,000 Required: Record the retirement of the bonds, using a premium account. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the retirement of the bonds, using a premium account. Hietsi frtece debits befor criedits. Kalani Corporation is planning to issue bonds with a face value of $509,500 and a coupon rate of 6 percent. The bonds mature in 15 years and pay interest semiannually every June 30 and December 3 . All of the bonds will be sold on January 1 of this year. (FV of $. PV orSi. EVA of S1, and PVA of Sin) Note: Use oppropriate factor(s) from the tables provided. Required: Compute the issue (sales) price on January 1 of this year for each of the following independent cases a. Case A. Market interest tate (annuan 4 percent. b. Case B Market interest rate (annua): 6 percent. c. Case C. Market interest rate (annual) 8.5 percent. Complete this question by entering your answers in the tabs below