P10-6 Recording and Reporting Bonds issued at a Discount L010-4 [The following information applies to the questions displayed below) PowerTap Utilities is planning to issue bonds with a face value of $1,400,000 and a coupon rate of 6 percent. The bonds mature in 9 years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January1of this year. PowerTap uses the effective interest amortization method. Assume an annual market rate of interest of 8 percent. (EV of $1, PV of $1, EVA of $1, and PNA of $10 Use the appropriate factor(s) from the tables provided.)