P10-9 Recording and Reporting Bonds Issued at a Peim LO10-5 [The following information applies to the questions displayed below Cron Corporation is planning to issue bonds with a face value of $870,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Cron uses the effective-interest amortization method. Assume an annual market rate of interest of 12 percent. (FV of $1, PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.)