On January 1,2024, NFB Visual Aids issued $860,000 of its 20 -year, 8% bonds. - The bonds were priced to yield 10%. - Interest is payable semiannually on June 30 and December 31. - NFB Visual Aids records interest expense at the effective rate and elected the option to report these bonds at their fair value. - On December 31, 2024, the fair value of the bonds was $716,000 as determined by their market value in the over-the-counter market. - General (risk-free) interest rates did not change during 2024. Required: 1-a. Determine the price of the bonds at January 1, 2024. 1-b to 4. Prepare the necessary journal entries. Note: Use tables, Excel, or a financial calculator. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1 ) Complete this question by entering your answers in the tabs below. Determine the price of the bonds at January 1, 2024. Note: Round final answer to the nearest whole dollar