Required information [The following information applies to the questions displayed below.] On January 1 of this year, Nowell Company issued bonds with a face value of $170,000 and a coupon rate of 7.5 percent. The bonds mature in ten years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 7.5 percent. (FV of \$1, pV of \$1. FVA of \$1, and PVA of \$1) (Use the appropriate factor(s) from the tables provided.) Tequired: What was the issue price on January 1 of this year? (Round your final answers to nearest whole dollar amount.)