Hartford Research issues bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds have a $26,000 par value and an annual contract rate of 12%, and they mature in 10 years Required: Consider each of the following three separate situations 1. The market rate at the date of issuance is 10% (a) Complete the table to determine the bonds' issue price on January 1, 2015 (b) Prepare the journal entry to record their issuance -Record the issue of bonds with a par value of $26,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 10% 2. The market rate at the date of issuance is 12% (a) Complete the below table to determine the bonds' issue price on January 1, 2015 (b) Prepare the Journal entry to record their issuance - Record the issue of bonds with par value of $26,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 12% 3. The market rate at the date of issuance is 14%. (a) Complete the below table to determine the bonds' issue price on January 1, 2015. (b) Prepare the journal entry to record their issuance - Record the issue of bonds with a par value of $26,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 14%. -Record the issue of bonds with a par value of $26,000 cash on January 1, 2015. Assume that the market rate of interest at the date of issue is 14%.