Please help solve parts a$)$ and b$)$ thank you! Requirement

Determine the bond issue proceeds for each of the following bonds payable. All bonds are issued on January $1,2023.$

$($i$)($Click the icon to view the bonds payable.$)$

$($Click the icon to view the Future Value of $$1$ table.$)$

$($Click the icon to view the Present Value of $$1$ table.$)$

$($Click the icon to view the Future Value of an Ordinary Annuity table.$)$

$($Click the icon to view the Present Value of an Ordinary Annuity table.$)$

$($Click the icon to view the Future Value of an Annuity Due table.$)$

$($Click the icon to view the Present Value of an Annuity Due table.$)$

Requirement a$.$ Shannon Corporation issued bonds in the amount of $$120,000$ that will be paid in ten years. Interest of $$8,400$ is payable annually each December $31$

with the first interest payment at the end of the year on December $31,2023.$ If the market rate of interest is $5\%,$ what is the amount of the bond issue proceeds? $($Use

the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or

the formula method, use factor amounts rounded to five decimal places, X$.$XXXXX$.$ Round intermediary currency computations and your final answer to the

nearest $$nt$,$ $$x.xx.)$

The bond issue proceeds are

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a$.$ Shannon Corporation issued bonds in the amount of $$120,000$ that will be

paid in ten years. Interest of $$8,400$ is payable annually each December $31$

with the first interest payment at the end of the year on December $31,2023.$ If

the market rate of interest is $5\%,$ what is the amount of the bond

issue proceeds?

b$.$ Maury Corporation issued bonds in the amount of $$450,000$ that will be paid

in $7$ years. Interest of $$13,500$ is payable semiannually each June $30$ and

December $31$ with the first interest payment at the end of the period on

June $30,2023.$ If the market rate of interest is $8\%,$ what is the amount of the

bond issue proceeds?