Required information (The following information applies to the questions displayed below.) Cron Corporation is planning to issue bonds with a face value of $710,000 and a coupon rate of 13 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Cron uses the effective-Interest amortization method. Assume an annual market rate of interest of 12 percent (FV of $1. PV of S1. EVA of $1. and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: 1. What was the issue price on January 1 of this year ? (Round your final answers to nearest whole dollar amount.) Issue price