SHOW YOUR WORK TO ENSURE YOU EARN PARTIAL CREDIT FOR INCORRECT RESPONSES On January 1, 2020, Smithson Corp, issued $2,600,000 in 10 year bonds that pay 6% while bonds of similar riskiness pay 5%. It makes semi-annual interest payments on June 30th and December 31st each year, REQUIREMENT 1 (3 points) - Provide the: (1) number of compounding periods. (2) market rate per period, and (3) cash interest payment for 1 payment for the above bonds REQUIREMENT 2 (4 points) - Provide the total cash received by Smithson Corp. from the issuance of the above bonds, and list if the bonds are selling at a premium, discount, or par value. REQUIREMENT 3 (3 points) - Prepare the Journal Entry to record the issuance of the bonds by Smithson Corp, on January 1, 2020. REQUIREMENT 4 (3 points) - Prepare the journal entry to record the 1st interest payment made by Smithson Corp. on June 30, 2020. Exam Blank Excel File-2.xlsx Edit Format Table 12pt Paragraph I BI U A 2 || - MacBook Pro