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Problem 14-3A Amortization of bond discount-using business calculator PV function L04,5 excel CHECK FIGURES: a. $526,929; b. Total interest expense-$207,471 On June 1, 2023,

Problem 14-3A Amortization of bond discount-using business calculator PV function L04,5 excel CHECK FIGURES: a. $526,929; b. Total interest expense-$207,471 On June 1, 2023, JetCom Inventors Inc. issued a $540.000, 12% three-year bond. Interest is to be paid semiannually beginning December 1.2023. Required a. Calculate the issue price of the bond assuming a market interest rate of 13%) b. Using the effective interest method, prepare an amortization schedule similar to Exhibit 14.11.

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