On October 1, 2020, Best Biopharma Inc. issued an $820,000, 8.0%, 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 6.0%. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.)

Part 1 Record the following entries: (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

1. Issuance of the bonds on October 1, 2020
2. Adjusting entry to accrue bond interest and premium amortization on November 30, 2020
3. Payment of interest on October 1, 2021

b. Prepare an amortization schedule using the effective Interest method. (Do not round Intermedlate 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 $ Premium Amort. Unamortized Premium Carrying Value 0 S 0 Oct. 1/20 Oct. 1/21 Oct. 1/22 Oct. 1/23 Oct. 1/24 Oct. 1/25 Oct. 1/26 Oct. 1/27 0 0 Totals s $ 0 $ 0 Part 2 Show how the bond will appear on the balance sheet under non-current liabilities at November 30, 2025. (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar.) Balance sheet (Partial) Non-current liabilities: $ 0