Question: BOND PRICING #1 This was 25 points total on the exam and split into 3 questions. You should know how you did on this from

BOND PRICING #1 This was 25 points total on the exam and "split" into 3 questions. You should know how you did on this from the Canvas results. Lumpy Mashed Potatoes, Inc issues a bond on January 1, 2020 with a par value of $1,000,000. The bonds a have an 8 year maturity date and require SEMI ANNUAL interest payments. The bond's stated interest rate is 4% and the current market interest rate is 6%. ** Required ** a) Complete the journal entry at issuance b) Complete the journal entry made with each semi annual interest payment c) Show the balance sheet presentation of this bond after the 15th interest payment

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