Return 4 Required information [The following information applies to the questions displayed below.) Part 3 of 3 14.28 points Park Corporation is planning to issue bonds with a face value of $600,000 and a coupon rate of 7.5 percent. The bonds mature in four years and pay interest semiannually every June 30 and December 31. All of the bonds were sold on January 1 of this year. Park uses the effective-interest amortization method and does not use a discount account. Assume an annual market rate of interest of 8.5 percent. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) 3. What bond payable amount will Park report on its June 30 balance sheet? Answer is not complete. PARK CORPORATION Balance Sheet (Partial) At June 30 Long-term liabilities Bonds payable $ 0