Shryke Corporation issued 10-year bonds with a par value of $400,000 on January 1. The stated rate of interest for the bonds was 6% and interest is paid one time per year each December. At the time of issue, the market rate of interest was 8%. The following is a summary of present value table information you may need: Present Value (of 1 payment) PV: 3% for 10 periods -.7441 PV: 3% for 20 periods -.5537 PV: 4% for 10 periods - .6756 PV: 4% for 20 periods = 4564 PV: 6% for 10 periods -,5584 PV: 6% for 20 periods = .3118 PV: 8% for 10 periods = .4632 PV: 8% for 20 periods - 2145 Present Value of Annuity PVA: 3% for 10 periods = 8.5302 PVA: 3% for 20 periods = 14.877 PVA: 4% for 10 periods - 8.1109 PVA: 4% for 20 periods - 13.590 PVA: 6% for 10 periods - 7.3601 PVA: 6% for 20 periods = 11.470 PVA: 8% for 10 periods = 6.7101 PVA: 8% for 20 periods = 9.8181 1. Calculate the issue price of the bonds. Provide the journal entry to issues these bonds. (Show your work.) 2. Prepare the appropriate journal entry for the first interest payment using straight-line amortization. (Show your work.)