0 Required information [The following information applies to the questions displayed below.) Cron Corporation is planning to issue bonds with a face value of $880,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Cron uses the effective-interest amortization method. Assume an annual market rate of interest of 12 percent (EV. of si. PV of $1. EVA of S1, and PVA of $1 (Use the appropriate factor(s) from the tables provided.) Required: 1. What was the issue price on January 1 of this year? (Round your final answers to nearest whole dollar amount.) Issue price