Problem 14-8AA (Algo) Computing bond price and recording issuance LO C2 Hartford Research issues bonds dated January 1 that pay interest semiannually on June 30 and December 31. The bonds have a $23,000 par value and an annual contract rate of 8%, and they mature in 10 years. (Table B.1. Table B.2. Table B.3. and Table B.4) (Use appropriate factor(s) from the tables provided. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Required: Consider each separate situation 1. The market rate at the date of issuance is 6% (a) Complete the below table to determine the bonds' issue price on January 1 (b) Prepare the journal entry to record their issuance 2. The market rate at the date of issuance is 8% (a) Complete the below table to determine the bonds' issue price on January 1 (b) Prepare the journal entry to record their issuance 3. The market rate at the date of issuance is 10% (a) Complete the below table to determine the bonds' issue price on January 1 (b) Prepare the journal entry to record their issuance