Sol Company is issuing the bond on Jan 1, 2020 as follows: Face Value: $10000 Contractual Interest Rate: 3%, payable annually Due in 5 years on Jan 1, 2025

1. Please compute the Bond price at the issuance in three case scenarios below and complete the amortization table of the discount/premium 2. Please prepare all journal entries between Jan 1, 2020 to Jan 1. 2025 (i.e., issuance of bond, accrual of interest at the end of each year, payment of interest, redemption of bond on maturity)

Case 3. When the market rate is 2% \begin{tabular}{|l|l|l|l|} \hline & Contractual Payments & PV @2\% & \$PV \\ \hline Jan 2021 & & & \\ \hline Jan 2022 & & & \\ \hline Jan 2023 & & & \\ \hline Jan 2024 & & & \\ \hline Jan 2025 & & & \\ \hline Jan 2025 & & & \\ \hline Total & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline Bond carrying value & @2% & Interest to be paid & Premium Amoritization & Bond carrying value \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline & & & & \\ \hline \end{tabular} Jan 1, 2021 - 2025 Jan 1, 2025