On January 1,2024 , Bonita Ltd. issued bonds with a maturity value of $4.85 million for $4,653,311, when the market rate of interest was 8%. The bonds have a contractual interest rate of 7% and mature on January 1,2029 . Interest on the bonds is payable semiannually on July 1 and January 1 of each year. On January 1, 2024, Sunland Company, a public company, purchased Bonita Ltd. bonds with a maturity value of $0.97 million to earn interest. On December 31,2024 , the bonds were trading at 98 . Both companies' year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 (a) Your answer is correct. What amount did Sunland Company pay for Bonita Ltd.'s bonds? (Round answer to 0 decimal places, e.g. 5,275.) Sunland Company paid $ Prepare a bond amortization schedule for Sunland Company for the first four interest periods. (Round answers to 0 decimal places, e.g. 5,275.)