On 1 January 20X5, Franco Lid purchased $560,000 of Gentron Company 700% bonds. The bonds pay sens annual interest each 30 June and 31 December. The market interest rate was 8% on the date of purchase. The bonds mature on 31 December 20x10. The company has a 31 December year-end. Required: 1. Calculate the price paid by Franco Ltd (Do not round intermediate calculations. Round your final answer to the nearest dollar amount) Prear post 2. Assume that the bond is classified as an AC investment Construct a table that shows interest revenue reported by Franco, and the carrying value of the investment, for four interest periods Use the effective-interest method (Do not round intermediate calculatione. Round your final answers to the nearest dollar amount.) Period Cash Payment Interest Revenue Bond Carrying Amortization Ve 2 3