Citywide Company issues bonds with a par value of $$85,000.$ The bonds mature in seven years and pay $10\%$ annual interest in semiannual payments. The annual market rate for the bonds is $8\%.($Table B$\mathrm{.}1,$ Table B$\mathrm{.}2,$ Table B$\mathrm{.}3,$ and Table B$\mathrm{.}4)($Use appropriate factor$($s$)$ from the tables provided.$)$

$1.$ Compute the price of the bonds as of their issue date.

$2.$ Prepare the journal entry to record the bonds$$ issuance.