Sofia Corporation issued 5,000 of its 10%, $1,000 par value bonds when the market rate is 8.5% for similar bonds. The bonds are dated January 1, 20X0 and will mature in twelve years. Interest is payable semiannually on January 1 and July 1 of each year. The company uses the effective interest method to amortize any premium or discount on bonds. The company's fiscal year is the calendar year. REQUIRED: (1) (2) (3) Compute the price of the bonds on January 1, 20X0. Round all calculations to the nearest whole dollar. Using the attached forms, prepare an amortization schedule for these bonds. through the January 1, 20X2 interest payment. Round all calculations to the nearest whole dollar. Using the attached forms, prepare all general journal entries, in proper form, that should be made during calendar years 20X0 and 20X1 for these bonds with the appropriate dates. Show supporting calculations and round all calculations to the nearest whole dollar. Provide a brief explanation for each entry.