Help Save & Exit Submit 1 Queen Energy Inc. issued bonds on January 1, 2020, that pay interest semiannually on June 30 and December 31. The par value of the bonds is $150.000, the annual contract rate is 12%, and the bonds mature in 10 years (Use TABLE 14A1 and TABLE 14A 2.) (Use appropriate factor(s) from the tables provided.) Required: a. For each of these three situations, determine the issue price of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 15 points X 04:21:45 Market rate Issue Price of the interest Bonds 8% (1) (2) (3) Print 12% b. For each of these three situations, prepare the journal entry that would record the issuance, assuming the market interest rate at the date of issuance was 18% 12:12% (31 14% (Use PV tables in determinina the issue orice of the bonds. Do not round Mc Graw HII Activate Windows re 1 or 4 Next > e .. 1:08 PM 7/27/202