Problem #6 - On January 1, 2018, Marta Enterprises issued 12% bonds dated January 1, 2018, with a face amount of $20 million. The bonds mature in 2027 (10 years). For bonds of similar risk and maturity, the market yield is 10%. Interest is paid semiannually on June 30 and December 31. 1000000 X.2. X O Required: 1. Determine the price of the bonds at January 1, 2018 n = 10 X 2220 10% = 5% 2. Prepare the journal entry to record the bond issuance by Marta on January 1, 2018 3. Prepare the journal entry to record interest on June 30, 2018, using the effective interest method Carrying Valu 4. Prepare the first five (5) lines of the amortization table for the bond payable Date Interest Paid Interest Express Amortization 4x5% 1/1/18 6/30/18 12/31/18 10 6/30/19 12/31/19