When Patey Pontoons issued 10% bonds on January 1,2024 , with a face amount of $800,000, the market yleld for bonds of similar risk and maturity was 11%. The bonds mature December 31,2027 (4 years). Interest is paid scmiannually on June 30 and December 31. Required: 1. Determine the price of the bonds at January 1, 2024. 2. Prepare the journat entry to record their issuance by Patey on January 1,2024 3. Prepare an amortization schedule that determines interest ot the effective rate each period. 4. Prepare the journat entry to record interest on June 30, 2024 5. What is the amount related to the bonds that Patey will report in its balance sheet at Decomber 31,2024? 6. What is the amount related to the bonds that Patey will repont in its income statement for the year ended December 31, 2024? (lgnore income taxes) 7. Prepare the appropriate journal entries ot maturity on December 31, 2027. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, EVA or $1, PVA of $1, EVAD of $1 and PVAD of $2) Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1, 2024 . Note: Round final answers to the nearest whole dollar. Round your percentage answer to one decimal place