Hello! This assignment is due by around 5pm PST~~

Please show ALL work for this problem.

Thank you

BUSA 312 Page 3 of 10 4. On 1/1/21, Chocolate Hearts Inc. issued a bond with the following features: Maturity Value Stated Interest Interest Payments $724,000 4% Annually starting 1/1/22 Maturity Date 1/1/31 (in 10 years) Market Interest 5% a. The selling price of the bond is (includes both principle and interest): (4 points) Time value of money tables are at the end of this exam. b. Amortization Schedule for the first 4 years. Round to the nearest whole dollar (4 points) Date Interest Paid Interest Expense Amortization Carry Value 1/1/21 1/1/22 1/1/23 1/1/24 1/1/25 C. What is the initial journal entry on 1/1/21 for this Bond? (3 points) d. What is the journal entry on 1/1/22 for this Bond? (3 points)