Randy Corp. issued $$206,000$ of $7\mathrm{.}6\%($payable each $28$ February and $31$ August$),4-$year bonds. The bonds were dated $1$ March $20$X$4,$

and mature on $28$ February $208.$ The bonds were issued $($to yield $8\%)$ on $30$ September $204,$ for appropriate proceeds plus accrued

interest. The accounting period ends on $31$ December.

Required:

$1.$ Calculate the present value of the bond first assuming that it was issued on an interest date, $1$ March $204.($Round time value factor

to $5$ decimal places. Do not round intermediate calculations.$)$

$2.$ Prepare an amortization schedule using the effective interest method of amortization. $($Round time value factor to $5$ decimal

places. Round intermediate calculations to the nearest whole dollar amount.$)$