Chapter 14 Homework 1 pact of social media on x Xternal_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/activity/question-group/kE. Saved 20 points eBook On June 1, 2023, JetCom Inventors Inc. issued a $490,000 7%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023. Required: a. Calculate the issue price of the bond assuming a market interest rate of 8%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond Print References b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Discount Expense Amort. Unamortized Discount Carrying Value June 1/23 Dec. 1/23 17,150 June 1/24 17,150 Dec. 1/24 17,150 June 1/25 17,150 Dec. 1/25 17,150 June 1/26 Totals 17,150 0 0 $ 102,900 $ 0 $ 0 Part 1 Prepare journal entries to the following. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)