Please post and show work for all parts, A, B, and C. Thank you.

E17 D F G H J K 1 M 1 Bond Issue Scenario 1: 2 3 On 1/1/2019 Big Sky Inc., issued $25,000,000, 6%, 3-year bonds, due 12/31/2021. The 3% semi-annual coupon payments 4 are paid on June 30th & Dec 31st. At the time of issue, the stated market rate for similar bond issues was 8%, (i.e., 4% semi-annual.) 5 6 a) Calculate the issue price (present value) of the bond proceeds. (round to nearest dollar). (Show and label your work). 7 8 9 10 11 12 13 14 b) Complete the bond amortization table below. (use EXCEL & round to the nearest dollar) 15 16 C) Prepare the accounting journal entries for the bond issue on the Journal Entry Sheet. 17 18 Bond 19 Cash Unamortized Interest Expense Carrying Value Bond Par (Maturity) Value 20 Date Payment Amortization 21 Bond Issue #1 Bond #1 Journal Entries Bond Issue #2 Bond #2 Journal Entries +