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On January 1,2025, Sheridan Co. issued ten-year bonds with a face value of $6,125,000 and a stated interest rate of 10%, payable semiannually on June

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On January 1,2025, Sheridan Co. issued ten-year bonds with a face value of $6,125,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31 . The bonds were sold to yield 12%. Table values are: Calculate the issue price of the bonds. (Round final answer to 0 decimal places, eg. 25,000.) Issue price of bond (b) Prepare the amortization table for 2025, assuming that amortization is recorded on interest payment dates using the effectiveinterest method. (Round answers to O decimal places, e. 25,000.)

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