Three-year bonds are issued at face value of $600,000 on Jan. 1, 2010, with a stated interest rate of 8%. Interest paid annually on Dec. 31, market interest rate of 10%. ** PV for 3 periods at 10% for $1 =0.75132 ** PV for 3 periods at 10% for $1 Interest = 2.48685 ** PV for 3 periods at 8% for $1=0.857231 ** PV for 3 periods at 8% for $1 Interest = 3.45485 Instructions: Calculate the price of the bonds and prepare journal entry at Jan1, Dec31, 2010 and Jan1, 2013.