Terra Company issued a $$300,000,7\mathrm{.}50\%,10-$year bond on June $1,2015.$ Additional information on the bond follows:

Bond Date: January $1,2015$

Maturity Date: December $31,2024$

Yield $($Market$)$ Rate: $8\%$

Interest Payment Date: Interest is paid annually on December $31$ of each year

Terra$$s year end: September $30$

Required: Round calculations to the nearest dollar

a$)$ Calculate the present value of the bond assuming that it had been issued on January $1,2015.$ Show calculations$/$keystrokes$.(1$ mark$)$

b$)$ Prepare a bond amortization table from January $1,2015$ until December $31,2018.$ Show each annual interest payment. $(3$ marks$)$

c$)$ Calculate the total amount of cash received by Terra on June $1,2015,$ reflecting the fact the bond was issued on June $1,2015.$ Make the journal entry to record the bond issue on June $1,2015.(4$ marks$)$

d$)$ Prepare the adjusting entry required at Terra$$s year end, Sept $30,2017.(2$ marks$)$

e$)$ Prepare the journal entry on Terra$$s books to make the December $31,2017$ interest payment to its investors. $(2$ marks$)$

f$)$ On July $1,2018,$ Terra Company decides to retire $20\%$ of the bonds at $98$ plus accrued interest.

$($i$)$ Make the entry to record interest up to July $1$ including interest payable $($interest will be paid when the bond is retired in part $($ii$)$ below$)(3$ marks$)$

$($ii$)$ Make the entry to retire the bonds. $(5$ marks$)$

g$)$ Make the entry on Terra$$s books on December $31,2018$ to pay out interest to the remaining bondholders. $(3$ marks$)$