On January 1, 2021, Ellison Co. issued ten-year bonds with a face value of $5300,000 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% .377 Present value of 1 for 20 periods at 6% .312 Present value of annuity for 10 periods at 10% 6.145 Present value of annuity for 10 periods at 12% 5.650 Present value of annuity for 20 periods at 5% 12.462 Present value of annuity for 20 periods at 6% 11.470. a) Calculatethe issue price of the bonds. b) Without prejudice to your solution in part (a), assume that the issue price was $4685200. Prepare the amortization table for 2021 , 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