Luke Corp. issued $2,000,000 of 20-year, 9% callable bonds on July 1, Year 1, with interest payable on June 30 and December 31. The fiscal year of the company is the calendar year. Journalize the entries to record the following selected transactions: 
Definitions:
Sensitivity/Scenario Analysis
Techniques used in financial modeling to examine how different values of an input variable can impact a project or investment's outcome under various scenarios.
Project NPV
This refers to the net present value specifically calculated for a given project, representing the difference between the project's cash inflows and outflows discounted at a particular rate over time.
Probability Distribution
A mathematical function that provides the probabilities of occurrence of different possible outcomes in an experiment.
Standard Deviation
A measure of the amount of variation or dispersion of a set of values, indicating how much the values deviate from the mean.
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