Queen Energy Inc. issued bonds on January 1, 2020, that pay interest semiannually on June 30 and December 31. The par value of the onds is $220,000, the annual contract rate is 8%, and the bonds mature in 10 years. (Use TABLE 14A.1 and TABLE 14A.2.) (Use ppropriate factor(s) from the tables provided.) Fequired: . For each of these three situations, determine the issue price of the bonds. (Do not round intermediate calculations. Round the nal answers to the nearest whole dollar.) Issue Price of the Market rate interest Bonds (1) 6% 8% (2) (3) 10% b. For each of these three situations, prepare the journal entry that would record the issuance, assuming the market interest rate at date of issuance was (1) 6%, (2) 8%, (3) 10%. (Use PV tables in determining the issue price of the bonds. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 01:54:28 View transaction list Journal entry worksheet Record the sale of bonds on original issue date at 6% market interest rate. Note: Enter debits before credits. Date General Journal Credit Debit January 01, 2020 View general journal Record entry Clear entry IELUI e Issuance, assuming th date of issuance was (1) 6%, (2) 8%, (3) 10%. (Use PV tables in determining the issue price of the bonds. De calculations. Round the final answers to the nearest whole dollar.) 10 points 01:54:09 View transaction list Journal entry worksheet 1 21 3 > Record issuance of bond payable at 8% market interest rate. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2020 Ule Ulissuance was (U 6%, (2) 8%, (3) 10%. (Use PV tables in determining the issue price calculations. Round the final answers to the nearest whole dollar.) nts 01:53:57 View transaction list Journal entry worksheet 1 2 3 Record issuance of bond payable at 10% market interest rate. Note: Enter debits before credits. Date General Journal Debit Credit January 01, 2020