On January 2, 2014, Floppy Co. issued 4% bonds with a face value of $400,000 when the market interest rate was 6%. The bonds are due in ten years, and interest is payable every June 30 and December 31. Floppy does not elect the fair value option for reporting its financial liabilities. Use the following present value and present value annuity tables to calculate the selling price of the bond on January 2, 2014. Round your final answer to the nearest dollar. Present Value Ordinary Annuity of $1 Periods 3% 4% 6% 8% 12% 16% 5 periods 4.5797 4.4518 4.2124 3.9927 3.6048 3.2743 10 periods 8.5302 8.1109 7.3601 6.7101 5.6502 4.8337 20 periods 14.8775 13.5903 11.4699 9.8181 7.4694 5.9288 Present Value of $1 Periods 3% 4% 6% 8% 12% 16% 5 periods 0.8626 0.8219 0.7473 0.6806 0.5674 0.4761 10 periods 0.7441 0.6756 0.5584 0.4632 0.3220 0.2267 20 periods 0.5537 0.4564 0.3118 0.2145 0.1037 0.0514 Required: a. Selling price of the bond: b. Prepare the amortization schedule for the bond through December 31, 2015. Round all numbers to the nearest dollar.