Required:1. Calculate how much Markway is able to borrow if each bond is sold at

Required:1. Calculate how much Markway is able to borrow if each bond is sold at a premium of $20.2. Calculate how much Markway is able to borrow if each bond is sold at a discount of $30.3. Calculate how much Markway is able to borrow if each bond is sold at 96 percent of par.4. Calculate how much Markway is able to borrow if each bond is sold at 105 percent of par.5. Assume that the bonds are sold for $1975 each. Prepare the entry to recognize the sale of the 150 bonds.6. Assume that the bonds are sold for $2015 each. Prepare the entry to recognize the sale of the 150 bonds.