On January 1, 2021, Sunland Co. issued ten-year bonds with a face value of $5,100,000 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% 0.386 Present value of 1 for 10 periods at 12% 0.322 Present value of 1 for 20 periods at 5% 0.377 Present value of 1 for 20 periods at 6% 0.312 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% 6.145 5.650 12.462 11.470. Your Answer Correct Answer Your answer is correct. Calculate the issue price of the bonds. Issue price of bond $ eTextbook and Media Solution 4516050 Without prejudice to your solution in part (a), assume that the issue price was $4,508,400. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective-interest method. Date Cash 1/1/18 6/30/18 $ 2/31/18 $ Expense Amortization Carrying Amount $