On October $1,2023,$ Ross Wind Energy Inc. issued a $$1,570,000,10\mathrm{.}5\%,$ seven$-$year bond. Interest is to be paid annually each October $1.$ Assume a November $30$ year$-$end. $($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

a$.$ Calculate the issue price of the bond assuming a market interest rate of $8\%$ on the date of the bond issue. $($Do not round intermediate calculations. Round the final answer to the nearest whole dollar.$)$

Issue price of the bond

$

$17,755,252$

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.$)$

$\backslash$table$[[\backslash$table$[[$Period$],[$Ending$]],\backslash$table$[[$Cash$],[$Interest$],[$Paid$]],\backslash$table$[[$Period$],[$Interest$],[$Expense$]],\backslash$table$[[$Premi$$m$],[$Amort$.]],\backslash$table$[[$Unamortized$],[$Premium$]],\backslash$table$[[$Carrying$],[$Value$]]],[$Oct$.\frac{1}{23},S,,,,]]$