This problem is worth 15 points. INCLUDE DETAILS OF YOUR CALCULATIONS THAT SUPPORT YOUR SOLUTIONS On January 1, 2020, Lakeside Amusement Park issues $600,000 face amount of 10-year bonds that pay 6% while bonds of similar risk and maturity are paying 7%. Lakeside pays cash interest semi- annually on June 30 and December 31 each year. Lakeside uses the effective interest method to calculate interest expense. Requirement A (8 points): Provide the following for Lakeside's bond issuance. Number of compounding periods Market Rate per compounding period Cash Interest Payment Issue price on 1/1/20 Requirement B (3 points): Prepare the journal entry to record issuance of the bonds on January 1 2020 by Lakeside Amusement Park. ACCOUNT Dahit Requirement B (3 points): Prepare the journal entry to record issuance of the bonds on January 1, 2020 by Lakeside Amusement Park. ACCOUNT Debit Credit Requirement C(4 points): Prepare the journal entry to record the interest payment on June 30, 2020 by Lakeside Amusement Park. ACCOUNT Debit Credit