Reporting Financial Statement Effects of Bond Transactions on January 1, 2016, Shields, Inc., issued $800,000 of 9%, 20-year bonds for $879,172, yielding a market (yield) rate of 8%. Semiannual interest is payable on June 30 and December 31 of each year a. Show computations to confirm the bond issue price Round answers to the nearest whole number. Present value of principal repayment166,632 Present value of interest payments 712,549 879,172 Selling price of bonds