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Problem 14-3A Amortization of bond discount-using business calculator PV function LO4, 5 e) CHECK FIGURES: a.$526,929; b. Total interest expense =$207,471 On June 1, 2023,

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Problem 14-3A Amortization of bond discount-using business calculator PV function LO4, 5 e) 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 Ex Exhibit 14.11

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