35/7 Question 1 of 4 > Date Account Titles and Explanation Debit Credit Jan. 1. 2022 (To record interest payment Jan 1 2023 Interest Expense Cash (To record interest payment) Jan, 1 2024 (To record interest payment View Policies Show Attempt History Current Attempt in Progress Oriole Inc. issues $960,000 of 5-year, 5% bonds on January 1, 2021. The bonds pay interest annually. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 11 (a) Your answer is correct 3.5/7 Calculate the issue price of the bonds using a market rate of 4% (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, e.. 1,575.) Issue price $ 1002737