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will thumb up if correct. only need (b). please show the work too (FV-PV)

On January 1,2025, Coronado Industries inc, issued a $106,000,6% bond due in 10 years with interest payable each January 1 and July 1. The effective interest rate is 8%. Click here to view factor tables. (a) Your answer is correct. Determine the discount or premium on the bond. (For colculation purposes, use 5 decimal ploces as displayed in the factor table provided, es. 1.25124 and final answer to 0 decimal places, es. 5.275.) Prepare the journal entry for the bond issue. (Credit account titles are outomatically indented when the amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Assuming instead that the effective interest rate is 4%, determine the discount or premium on the bond. (For calculation purposes. use 5 decimal places as disployed in the foctor table provided, eg. 1.25124 and final answer to 0 decimal places, es. 5.275.j on the bond Prepare the joumal entry for the bond issue. (Credit account titles are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry) eTextbook and Media List of Accounts Attempts: unlimited

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