On October 1, 2020, Best Biopharma Inc. issued an $750,000, 70%, seven-year bond. Interest is to be paid annually each October 1. Assume a November 30 year-end. (Use TABLE 14A.1 and TABLE 14A.2.) (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 5.0%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Issue price of the bond $ 37,500 b. Prepare an amortization schedule using the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Premium Amort. Unamortized Premium Carrying Value $ Oct. 1/20 Oct. 1/21 Oct. 1/22 Oct. 1/23 Oct. 1/24 Oct. 1/25 Cash Period Interest Interest Paid Expense 37,500 37,500 37,500 37,500 37,500 37,500 37,500 37,500 300,000 $ Oct. 1/26 Oct. 1/27 Totals 0 0 $ 0 $ 0