There are 3 parts to this question Part 1: Pinehill Ltd. issued $500,000, 6%, 5-year bonds on January 1, 2022, when the market interest rate was 8%. Interest is payable semi-annually on July 1 and January 1. The company has a calendar year end. Pinehill is listed in the Toronto Stock Exchange. Required: 1. Calculate the issue price (round to nearest dollar) on January 1, 2022. (4 Marks) 2. Based on the calculation above, the bond is issued at a. 3. Record all the journal entries on December 31, 2022. (9 Marks) (Explain) (2 Marks)