Analyzing and Reporting Financial Statement Effects of Bond Transactions

On January $1$ of the current year, Trueman Corporation issued $$700,000$ of $20-$year, $11\%$ bonds for $$647,338,$ yielding a market $($yield$)$ rate of $12\%.$ Interest is payable semiannually on June $30$ and December $31.$

$($a$)$ Confirm the bond issue price.

Round answers to the nearest whole number.

Round answers to the nearest whole number. Use negative signs with your answers, when appropriate.