12:35 S-F:12-4 Pricing bonds (Learning Objective 2) Bond prices depend on the market rate of interest, stated rate of interest, and time. Requirements 1. Compute the price of the following 8% bonds of Country Telecom a. $100,000 issued at 75.25 b. $100,000 issued at 103.50 S-F:12-6 Journalizing bond transactions (Learning Objective 3) Power Company issued a $1,000,000, 5%, five-year bond payable at face value on January 1, 2024. Interest is paid semiannually on January 1 and July 1. Requirements 1. Journalize the issuance of the bond payable on January 1, 2024. 2. Journalize the payment of semiannual interest on July 1, 2024