When Patey Pontoons issued 4% bonds on January 1, 2021, with a face amount of $520,000, the market yield for bonds of similar risk and maturity was 5%. The bonds mature December 31,2024 (4 years). Interest is paid semiannually on June 30 and December 31 , (FV of S1. PV of S1. EVA of S1. PVA of S1. EVAD of S1 and PVAD of \$i) (Use oppropriate factor(s) from the tobles provided.) Required: 1. Determine the price of the bonds at January 1, 2021 2. Prepare the journal entry to record their issuance by Patey on January 1,2021 3. Prepare an amortization schedule that determines interest at the effective rafe each period 4. Prepare the joumal entry to record interest on June 30,2021. 5. What is the amount related to the bonds that Patey will report in its balance sheet at December 31,2021 ? 6. What is the amount related to the bonds that Patey will report in its income statement for the year ended December 31, 2021? (konore income taxes) 7. Prepare the appropriate journal entries at maturity on December 31, 2024 Answer is not complete. Complete this question by entering your answers in the tabs below. Determine the price of the bends at January 1, 2021. (Round final anawers to the nearest whiole dollac.)