On January 1, 2017, Piper Co. issued ten-year bonds with a face value of $1,000,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 Present value of 1 Present value of 1 for 10 periods at 10% .386 for 10 periods at 12% .322 for 20 periods at 5% .377 Present value of 1 for 20 periods at 6% Present value of annuity for 10 periods at 10% Present value of annuity for 10 periods at 12% Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 6% 11.470 .312 6.145 5.650 12.462 Required: (a) Calculate the issue price of the bonds. (b) Without prejudice to your solution in part (a), assume that the issue price was $884,000. Prepare the amortization table for 2017 ONLY, assuming that amortization is recorded on interest payment dates.