On January 1, 2018, Piper Co. issued ten-year bonds with a face value of $5,000,000 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 for 10 periods at 10 % 386 Present value of 1 for 10 periods at 12 % 322 Present value of 1 for 20 periods at 5 % 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 % 377 312 6.145 5.650 12.462 Present value of annuity for 20 periods at 6% 11.470 Calculate the issue price of the bonds. Issue price of bond $ Without prejudice to your solution in part (a), assume that the issue price was $4,420,000. Prepare the amortization table for 2018, assuming that amortization is recorded on interest payment dates using the effective-interest method Date Cash Expense Amortization Carrying Amount 1/1/18 6/30/18 Without prejudice to your solution in part (a), assume that the issue price was $4,420,000. Prepare the amortization table for 2018, assuming that amortization is recorded on interest payment dates using the effective-interest method. Date Cash Expense Amortization Carrying Amount 1/1/18 6/30/18 12/31/18 Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBHIT