P10-9 Recording and Reporting Bonds Issued at a Premium LO10-5 IThe following information applies to the questions displayed below) Cron Corporation is planning to issue bonds with a face value of $890,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. Al 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. Evof $1, PV of $1, FMA of $1, and PVA of $10 Use the appropriate factor(s from the tables provided) Section Break P10-9 Recording and Reporting Bonds lssued at a Premium LO 10-5 5. Award: 0 out of 909 points P10-9 Part 1 Required: 1. What was the issue price on January 1 of this year?(Round your final answers to nearest whole dollar amount.) S 930,791X issue price Book & Resources eBook: Re ble and interest e for bond securities ssued at a rt bonds References Worksheet P10-9