When Patey Pontoons issued $6\%$ bonds on January $1,2021,$ with a face amount of $$760,000,$ the market yield for bonds of similar risk and maturity was $11\%.$ The bonds mature December $31,2024(4$ years$).$ Interest is paid semiannually on June $30$ and December $31.($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables 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 rate each period. $4.$ Prepare the journal 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 $31,2021?($Ignore income taxes.$)7.$ Prepare the appropriate journal entries at maturity on December $31,2024.$