Serenity, Inc is authorized to iswe 5%,10-year bonds payabie. On January 1,2024 , when the market interest rate is 8%, the compary issues $500,000 of the bends, The bonds pay interest semiannusly. (Clok the icce to view Present Value of $1 lable.) (Click the icon to view Present Value of Oedinary Amnuty of $1 table,) (Click the icon to view Future Value of 51 table.) (Click the icen to view Future Value of Ordinary Annuty of $1 inbie.) Fead the repuirements Requirement 1. How much cash did the compary recewe upen issuance of the bonds payabie? (Round to the nearest dolar) Upon issuance of the bonds payable, the compary feceived Requirement 2. Prepare an amortizatian fable for the bond using the eflectve-intecest method, through the first two interest payments. (H)und to ihe nearast dollar) Present Value of $1 Future Value of $1 Dracant Valuin of Orrlinarv Annuitv of $1 Future Value of Ordinary Annuity of $1