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On October 1, 2020, Ross Wind Energy Inc. issued a $1,520,000, 8.0%, seven-year bond. Interest is to be paid annually each October 1. Assume a

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On October 1, 2020, Ross Wind Energy Inc. issued a $1,520,000, 8.0%, seven-year bond. Interest is to be paid annually each October 1. Assume a November 30 year-end. (Use TABLE 14A1 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% on the date of the bond issue. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar) le price of the bord 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 os positive values.) Cash Interest Paid Period Interest Expense Premium Amort Unamortized Premium Carrying Value Period Ending Od 1/20 Od 121 lout 122 lod 123 Oct 124 Oct 125

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