Stowers Research issues bonds dated January 1, 2011. that pay interest semiannually on June 30 and December 31. The bonds have a $28,000 par value and an annual contract rate of 10%. and they mature in 10 years Consider each of the following three separate situations. (Use Table B.1. Table B 3) The market rate at the date of issuance a 8%. Determine the bonds' issue price on January 1. 2011. (Round "PV Factors" to 4 decimal places, intermediate calculations and final answer to the nearest dollar amount. Omit the "$" sign in your response.) issue pnce $ 31.996 Q Prepare the Journal entry to record their issuance. (Round "PV Factors" to 4 decimal places, intermediate calculations and final answers to the nearest dollar amount. Omit the "$A sign in your response.) Date Jan. 1 General Journal Cash A Debit 21.996 O Credit Bonds payable O 28.000 A Premium on bonds payable 3.996 O The market rate at the date of issuance is 10%. (a) Determine the bonds' issue pnce on January 1.2011. (Round "PV Factors" to 4 decimal places. Intermediate calculations and final answer to the nearest dollar amount. Omit the "$" sign In your response.) Issue pnce $ 28.000 Prepare the journal entry to record their issuance. (Round "PV Factors" to 4 decimal places. Intermediate calculations and final answers to the nearest dollar amount. Omit the "S" sign In your response.) The market rate at the date of issuance is 12%. (a) Determine the bonds' issue price on January 1.2011. (Round Factors" to 4 decimal places. Intermediate calculations and final answer to the nearest dollar amount. Omit the sign In your response.) Issue pnce $ 25.073 O Prepare the journal entry to record their issuance. (Round "PV Factors" to 4 decimal places, intermediate calculations and final answers to the nearest dollar amount. Omit the "$A sign In your response.)