On January ​1, 2018 ​, the Nixon Corporation purchased $500,000 par value 6% bonds that mature on December ​31, 2021. The company has the positive intent and ability to hold the bonds until they mature. The market rate of interest was 8% when Nixon purchased the bonds. Nixon receives interest on the bonds semiannually each June 30 and December 31. What future cash inflows will Nixon receive on this​ investment? What is the purchase price of the​ bonds? Did purchase the bonds at a discount or​ premium? Prepare the journal entry to record the acquisition of the bonds. What future cash inflows will receive on this​ investment? The future cash inflows that Nixon will receive on investment is . What is the purchase price of the​ bonds? ​(Use the present value and future value​ tables, the formula​ method, a financial​ calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula​ method, use factor amounts rounded to five decimal​ places, X.. Round intermediary currency computations and your final answers to the nearest whole​ dollar.) The purchase price of the bonds is . Did purchase the bonds at a discount or​ premium? Nixon purchased the bonds at a of . Prepare the journal entry to record the acquisition of the bond investment. ​(Record debits​ first, then credits. Exclude explanations from any journal​ entries.)