ABC Company issued $\backslash (\backslash$$ $200,000\backslash )$ face value bonds on January $1,2022,$ with semiannual interest payments to be made on June $30$ and December $31$ at a contract rate of $\backslash (10\backslash \%\backslash ).$ The bonds were scheduled to mature five years after they were issued. On January $1,2025,$ three years after the bonds were issued, the company repurchased $\backslash (40\backslash \%\backslash )$ of the outstanding bonds for $\backslash (\backslash$$ $79,000\backslash ).$ Please e$-$mail your answers to me at flenzt@lakeland.edu Required: Part A $1.$ Assume that the bonds were issued when the market rate of interest was $\backslash (9\backslash \%\backslash ).$ Show calculation of issue price. When using the effective interest method of amortization, prepare a schedule showing the bond interest expense and amounts of amortization for the life of the bonds. When using straight line method, show the calculation of the periodic amortization within the appropriate journal entries explanations. $2.$ Prepare the journal entry to record the bond issuance. $3.$ Prepare journal entries for the first two interest payments. $4.$ Prepare the journal entry to recognize the partial repurchase of the bonds. Part B Redo Part A under the assumption that the market rate on the bonds when issued was $\backslash (16\backslash \%\backslash ).$