On June 30, 2021, the market interest rate is 6%. First Base Corporation issues $600,000 of 11%, 15-year bonds payable. The bonds pay interest on June 30 and December 31. The company amortizes bond premium using the effective-interest method. Read the requirements. Requirement 1. Use the PV function in Excel to calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) The issue price of the bonds is $ 894,007 Requirement 2. Prepare an amortization table for the first four semiannual interest periods. Enter the issue date information, then complete the table for each of the following semiannual interest periods. (Round your answers to the nearest whole dollar) Semiannual Interest Period Jun 30, 2021 Interest Payment A First Base Corporation Amortization Table Interest Expense Premium Amortization Premium Account Balance Bond Carrying Amount

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