For questions 47, please use excel to build an amortization schedule and calculate your answers. 4. Palmer Corp. issued callable bonds with a face value of $200,000 and a coupon rate of 6%. The bond matures in 4 years and pays interest semi-annually. The market rate at time of issuance is 7%. Provide the journal entry to record the issuance of the bonds on January 1t,2020.(+1) 5. Record the journal entry for the interest expense on 6/30/2021 ? (+1) 6. What is the net book value of the bonds payable at 12/31/2022 ? (+1) $206,000 042023 page 1/2 Chapter 10 Active Learning Assignment 7. Palmer Corp. decides to exercise the right to retire its bonds early on 12/31/2022. It calls its bond at a call premium of 3 percent over par. Record the retirement of the bonds. (+2)