Part 1 follows from the fact that f is a bijection. Remains the second part.
Suppose M and M' are two monoids and f is an isomorphism from M to M'.
Since f is an isomorphism, f(e) is the identity e' of M'. Thus f-1(e') = f-1( f(e)) = e, the identity of M.
Now suppose a' and b' are elements in M'. Since f is a bijection there exist unique elements a and b in M with a' = f(a) and b' = f(b). Then f(a * b) = a' * b'. Thus we also have that
And indeed we have shown that f-1 is also an isomorphism.