Eagle Corporation issued $$9,990,000,5$ percent bonds dated April $1,$ year $1.$ The market interest rate was $6$ percent, with interest paid

each March $31.$ The bonds mature in three years, on March $31,$ year $4.$ Eagle's fiscal year ends on December $31.$ Use Table $8$C$\mathrm{.}1,$ Table

$8$C$.2.$

Required:

What was the issue price of these bonds? $($Round time value factor to $4$ decimal places. Round the final answer to the nearest

whole dollar.$)$

Compute the interest expense for the period ended December $31,$ year $1.$ The company uses the effective$-$interest method of

amortization. $($Round time value factor to $4$ decimal places. Round intermediate and final answer to the nearest whole dollar.$)$

Show how the bonds should be reported on the statement of financial position at December $31,$ year $1.($Round intermediate and

final answer to the nearest whole dollar.$)$