On January 1, 2022, Cane Incorporated issued $1,600,000 par valve, 4%,7 year bonds (i.e, there were 1,600 of $1,000 par value bonds in the is 502 ) Interest is payable semiannuall each Jarvary 1 and July 1 with the first interant payment die at the end of the period on Juy 1 . Determine the issue price of the bonds based on a 12% mariet rate of interest. Prepa the amortization table for the first 2 years assuming that Cane uses the effective interest rate mothod Determine the issue pnce of the bonds. (Uhe the preserk value and fusure value tables, tho formula method, a finsncial calculator, or a spreadshoet for your calculatons if using present and futieve value tabies or the lormula method, use facior anouris rounded to five decimal places, XXXXXXX. Round your final answer to the rusarest whole dollar) The issue prese of the bonds *