Question 1 ( 18 points) a) Lobo, Inc, issued a $200,000,4%,5-year bond on January 1,2020 . The market rate of interest at issuance was 5%. The bonds make semi-annual interest payments on July 1st and January 1th. The corporation's fiscal year ends on December 31 . The corporation accounts for the bonds using the effective-interest method. Calculate the price of the bond at issuance ( 9 points) N. Sales Company issues $5,000,000,6%,5-year bonds dated January 1,2024 on January 1, 2024. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5% and have an issue price of $19,700,000. The company uses the effective-interest method. Write the journal entry the company records on December 31,2024 . ( 9 points)