of 11) Return To Assignment List P10-6 Recording and Reporting Bonds lssued at a Discount LO10-4 IThe following information applios to the questions displayod below) PowerTap Utilities is planning to issue bonds with a face value of $2,400,000 and a coupon rate of 6 percent. The bonds mature in 15 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. PowerTep uses the nterest amortization method. Assume an annual market rate of interest of 8 percent. (EV of St. PV of $1, EMAof$1, and evA of $10 (Use the appropriate factor(s from the tables provided) References P10-6 Recording and Reporting Bonds lssued at a Section Break Discount LO10-4 T. Award: 0 out of 909 points P10-6 Part 1 Required 1. What was the issue price on January 1 of this year? (Round your final answer to whole dollars.) 200,616X ssue price