Edna Company issues a 5 year, 5% face rate $100,000 bond on January 1, 2016, with interest payable each December 31. The bond is sold to yield 5.5% annual and the issue costs are $400. Calculate the price at which the bond sold on the market and calculate the bond's effective interest rate including issue costs. Prepare an amortization table covering 2016 and 2017.