On June 1, 2023, JetCom Inventors Inc. issued a $520,000 11%, three-year bond. Interest is to be paid semiannually beginning December 1, 2023. Required: a. Calculate the issue price of the bond assuming a market interest rate of 12%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond $ 507,174 b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Expense Discount Amort. Unamortized Carrying Discount Value June 1/23 $ 507,174 Dec. 1/23 28,600 32,211 3,611 5,333,234 523,611 June 1/24 28,600 31,994 3,394 529,840 527,005 Dec. 1/24 28,600 31,790 3,190 526,650 530,195 June 1/25 28,600 31,599 2,999 523,651 533,349 Dec. 1/25 28,600 31,419 2,819 520,832 536,168 < Prev 7 of 10 Next