On January 1, 2018, Tess Technology, Incorporated issued $800,000 of $1,000 par value, 5%, 66-year bonds. Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1, 2018. The market rate of interest for similar non-convertible bonds on the date of the bond issue was 10%. However, because these bonds are convertible, the effective rate is 8% Each bond is convertible into 60 shares of Tess Technology's $5 par value common stock. Assume there is no beneficial conversion option.

The issue price of the debt is $______

Date	Cash Interest	Effective Interest	Discount/Premium Amortization	Carrying Value
1/1/2018				?
7/1/2018	?	?	?	?
1/1/2019	?	?	?	?
7/1/2019	?	?	?	?
1/1/2020	?	?	?	?
7/1/2020	?	?	?	?
1/1/2021	?	?	?	?