On October 1, 2020, Ross Wind Energy Inc. issued a $1,620,000, 7.5%, 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.) Issue price of the bond 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 es positive values.) Period Ending Cash Interest Paid Period Interest Expense Premium Amort. Unamortized Premium Carrying Value Oct. 1/20 Oct. 1/21 Oct 1/22 Oct. 1/23 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.) Period Ending Cash Interest Paid Period Interest Expense Premium Amort. Unamortized Premium Carrying Value Oct. 1/20 Oct 1/21 Oct. 1/22 Oct. 1/23 Oct 1/24 Oct 1/25 Oct 1/26 Oct 1/27 Totals Part 1 Record the following entries: (Round the final answers to the nearest whole dollar.) a. Issuance of the bonds on October 1, 2020 b. Adjusting entry to accrue bond interest and premium amortization on November 30, 2020 c. Payment of interest on October 1, 2021 View transaction list Journal entry worksheet < 2 3 Record the issuance of bond at premium. Note: Enter debits before credits. Date October 01, 2020 General Journal Debit Credit > Journal entry worksheet < 1 2 3 Record the accrual of interest. Note: Enter debits before credits. Date November 30, 2020 General Journal Debit Credit V Journal entry worksheet < 1 2 3 Record the payment of interest. Note: Enter debits before credits. Date October 01, 2021 General Journal Debit Credit Part 2 Show how the bond will appear on the balance sheet under non-current liabilities at November 30, 2024, (Do not round intermedia calculations. Round the final answers to the nearest whole dollar.) Balance sheet (Partial) Non-current liabilities