Crane Ltd issued $$1,200,000$ of $10$years, $5\%$ bonds on January $1,2024,$when the market interest rate was $6\%.$ crane received $$1,110,740$ when it issued these bonds. Interest is payable semi$-$annually on July $1$ and January $1.$ crane has a December $31$ year end. What is the bonds' present value $($issue price$)$ on January $1,2024$