On January 1, 2021, Instaform, Inc, Issued 10% bonds with a face amount of $50 million, dated January 1. The bonds mature in 2040 (20 years). The market yleld for bonds of similar risk and maturity is 12%. Interest is paid semiannually. (Ey of St. PV of St. EVASI PVA of $1. EVAD of $1 and PVAD of S1) (Use appropriate factor(s) from the tables provided) Required: 1-a. Determine the price of the bonds at January 1, 2021, 1-b. Prepare the journal entry to record their issuance by Instaform. 2-a. Assume the market rate was 9%. Determine the price of the bonds at January 1, 2021. 2-b. Assume the market rate was 9% Prepare the journal entry to record their issuance by Instaform. 3. Assume Broadcourt Electronics purchased the entire issue in a private placement of the bonds. Using the data in requirement 2. prepare the journal entry to record the purchase by Broadcourt Complete this question by entering your answers in the tabs below. Regla Reg 18 Red 2A Reg 28 Rea 3 Determine the price of the bonds at January 1, 2021. (Enter your answer in whole dollars) Price of the bonds He 18 > Req 1A Reg 1B Req 2A Req 28 Req3 Prepare the journal entry to record their Issuance by Instaform. (If no entry is required for a transaction/eve required" in the first account field. Enter your answers in whole dollars.) View transaction list 10 Journal entry worksheet