! Required information [The following information applies to the questions displayed below.] On January 1, 2024, Coney Island Entertainment issues $1,200,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assume that the market interest rate is 7% and the bonds issue at face amount. Required: 1a. Calculate the issue price of a bond. 1b. Complete the first three rows of an amortization schedule. (FV of $1, PV of $1, FVA of $1, and PVA of $1) Complete this question by entering your answers in the tabs below. Req 1A Req 2A Complete the first three rows of an amortization schedule. (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/2024 6/30/2024 12/31/2024 $ 42,000 $ 42,000 45,000 45,000