Rankin Corporation issued $530,000 of 7%, 10-year bonds payable on March 31, 2019. The market interest rate at the date of issuance was 10%, and the bonds pay interest semiannually. Rankin Corporation's year-end is March 31 Read the requirements 1. Using the PV function in Excel, calculate the issue price of the bonds. (Round your answer to the nearest whole dollar.) 430,925 The issue price of the bonds is $ 2. Prepare an effective-interest amortization table for the bond through the first three interest payments. Round amounts to the nearest dollar. Bond Discount Semiannual Interest Interest Discount count Carrying Interest Date ayment Expense Amortization Balance Amount Mar 31, 2019