On January 1, 2022, Richie, Inc. issued $4,900,000 par value, 7%, 5-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, 2022. The market rate of interest on the date of the bond issue was 8%. Future Value of $1 table Future Value of an Ordinary Annuity table Future Value of an Annuity Due table Present Value of $1 table Present Value of an Ordinary Annuity table Present Value of an Annuity Due table Read the requirements. Requirement a. Determine the issue price of the debt. (Use the present value and future value tables, the formula method, a financial calculator, or a spreadsheet for your calculations. If using present and future value tables or the formula method, use factor amounts rounded to five decimal places, X.XXXXX. Round your final answers to the nearest whole dollar.) The issue price of the debt = Requirement b. Prepare the amortization table for the bond issue through January 1, 2025, assuming that the effective interest rate method of amortization is used. (Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the table.) Date Cash Interest January 1, 2022 July 1, 2022 January 1, 2023 July 1, 2023 January 1, 2024 July 1, 2024 Effective Interest Discount/Premium Amortization Carrying Value