Tarawa Limited issued $1.170,000 of 10-year, 5 % bonds on January 1, 2018, when the market interest rate was 6 % Tarawa received $1,082.972 when the bonds were issued. Interest is payable semi-annually on July 1 and January 1. Tarawa has a December 31 year end Part 3 Your answer is partially correct Record the accrual of interest on December 31. (Round answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Credit Debit Account Titles and Explanation Date 33601 Interest Expense Dec. 31 4351 Interest Pyable 29250 Bonds Paysble Part 4 Your answer is incorrect X Prove the amount of cash received when the bonds were sold by determining the bonds' present value (issue price) on January 1, 2018. Prove the carrying amount of the bonds, one year later, by determining the present vlue of the bonds at that time. (Round answers to O decimal places, e.s. 5,275. $ 1082996 Bonds' present value (issue price) on January 1,2018 $ 1091675 Present value of the bonds