On January 1, Applied Technologies Corporation (ATC) issued $560,000 in bonds that mature in 10 years. The bonds have a stated interest rate of 8 percent. When the bonds were issued, the market interest rate was 8 percent. The bonds pay interest once per year on December 31. Required Determine the price at which the bonds were issued and the amount that ATC received at issuance. Amount Received at Issuance ___________. Complete the required journal entries to record the bond issuance and the first 31 assuming no interest has been accrued earlier in the year. (If no entry is required select "No Journal Entry Required" in the first account field.)