Problem 14-1A Calculating bond prices and recording issuance with journal entries LO 3 , 5 , 6 Queen Energy Inc. issued bonds on January 1, 2020, that pay interest semiannually on June 30 and December 31 . The par value of the bonds is $160 , 000 , the annual contract rate is 12% , and the bonds mature in 10 years. (Use IABLE 14A.1 and TABLE 14A.2.) (Use appropriate factor(s) from the tables provided.) Required: a. For each of these three situations, determine the issue price of the bonds. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) b. For each of these three situations. prepure the joumal entry that would recotd the ksunce. issiaming ite market interest rate at the date of issuance was (1) 10% . (2) 128k. (B) 14\%. (Use PV tables in determining the issue price of the bonds. Da not roemd intermedinte colculations. Round the final answers to the nenrest whole dollar.) Journal entry worksheet Recond the sale of bonde on original ksue date at 10% market interest rate