Champ Ltd, is authonized to issue $3,500,000 of 5%, 10-year bonds payabie: On December 31,2021 , whon the market interest rate is 8%, the company issues $2,800,000 of the bonds. Champ amortiges bond discount using the effective-interest method. The semiannual interest dates are June 30 and Decembor 31. Read the thourements: Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole doltar) The issue price of the bonds is Requirement 2. Prepare a bond amortiration tabie for the first year of the bonds. (Robund your anwwers to the nearest which dotar)