Exercise 10-16A Computing bond interest and price; recording bond issuance LO C2 Bringham Company issues bonds with a par value of $550,000. The bonds mature in 7 years and pay 6% annual interest in semiannual payments. The annual market rate for the bonds is 8%. (Table B1. Table B.2. Table B.2, and Table B.4) (Use oppropria factor(s) from the tables provided.) 1. Compute the price of the bonds as of their Issue date. 2. Prepare the journal entry to record the bonds issuance. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the price of the bonds as of their Issue date. (Round all table values to 4 decimal places, and use the rounded table values in calculations. Round intermediate calculations to the nearest dollar amount.) Table Values are Based on n Cash Flow Table Value Amount Present Value Par (matunity) value Interest (annuity Price of bonds Required 2 >