Long Answer Questions - There are 3 long answer questions. You may attach excel file as your response or type in the text box Question 1 (13 marks). Bondseller Inc. has a December 31 fiscal year end. On January 1, 2021, Bondseller Inc. issued bonds with a face value of $20,000,000. The bonds have a coupon rate of 8% and mature on December 31,2025 . The bonds pay interest semi-annually on June 30 and December 31 each year. At the time the bonds were issued, the market rate of interest for similar bonds was 6% Required 1. Calculate the issue price of the bond. Note: Present Value Tables can be found at the end of this exam. 2. Prepare a journal entry to record the issuance of the bond. 3. Prepare any necessary journal entries for bond interest at the following dates: (a) June 30, 2021 (b) December 31, 2021. Round all entries to the nearest dollar. 4. Calculate the carrying value of the bonds at December 31, 2021