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.