Brief Exercise 118 On January 1, 2018, Piper Co. issued ten-year bonds with a face value of $5,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: 10 Pret of 10 Profor101 Pret of 20 per Pr o forper Pre of 10145 wo Calculate the issue price of the bonds. Without prejudice to your solution in part (a), assume that the issue price was $4,420,000. Prepare the amortization table for 2018, assuming that amortization is recorded on interest payment dates using the effective interest method. Date