is A correct? also need help with B

5 Problem 14-1 (Algo) Determining the price of bonds; discount and premium; issuer and investor (L014-2) On January 1 2021, Instaform, Inc., issued 10% bonds with a face amount of $49 million, dated January 1. The bonds mature in 2040 (20 years. The market yield for bonds of similar risk and maturity is 12%. Interest is paid semiannually. The bonds issued at a price of $41627215. (FV of $1. PV of S1. EVA of S1. PVA of S1. EVAD of Si and PVAD of $1] (Use appropriate factor(s) from the tables provided) 15 point Required: 1. Prepare the journal entry recorded by Instaform for issuance of the bonds. 2. Assume instead that the market rate was 9%. Determine the price of the bonds at January 1, 2021. Complete this question by entering your answers in the tabs below. Regi Req2 Prepare the journal entry to record their issuance by Instaform. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in whole dollars.) View transactions View journal entry worksheet No 1 1 General Journal Cash Discount on bonds payable Bonds payable Credit Debit 41.627.215 7,372,785 49,000,000 Reg 2 >