Issuance Price of Bonds Patterson Company issued 30 -year bonds on June 30. The face value of the bonds was $770,000. The stated interest rate bonds on August 31 . These bonds were 20 -year bonds and had a face value of $554,000. The stated rate of interest on these bonds was 6%. The market rate of interest at the time these bonds were issued was 8%. Both sets of bonds pay interest semiannually. Use the Present value of a single sum ( $1) and Present value of an annuity ( $1 ). Required: Calculate the issuance price of these bonds. Round your final answers to the nearest dollar. June 30 Bonds $ August 31 Bonds $