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In: AccountingOn January 1, 2021, Twister Enterprises, a manufacturer of avariety of transportable spin rides, issues...On January 1, 2021, Twister Enterprises, a manufacturer of avariety of transportable spin rides, issues $460,000 of 6% bonds,due in 20 years, with interest payable semiannually on June 30 andDecember 31 each year.1. If the market interest rate is 6%, the bonds will issue at$460,000. Record the bond issue on January 1, 2021, and the firsttwo semiannual interest payments on June 30, 2021, and December 31,2021. (If no entry is required for aparticular transaction/event, select "No Journal Entry Required" inthe first account field.)2. If the market interest rate is 7%, the bonds will issue at$410,883. Record the bond issue on January 1, 2021, and the firsttwo semiannual interest payments on June 30, 2021, and December 31,2021. (If no entry is required for a particulartransaction/event, select "No Journal Entry Required" in the firstaccount field. Round your answers to the nearest dollaramount.)3. If the market interest rate is 5%, the bonds will issue at$517,736. Record the bond issue on January 1, 2021, and the firsttwo semiannual interest payments on June 30, 2021, and December 31,2021. (If no entry is required for a particulartransaction/event, select "No Journal Entry Required" in the firstaccount field. Round your answers to the nearest dollaramount.)