Tranquility, Inc. is authorized to issue 5%,10-year bonds payable. On January 1,2024 , when the market interest rate is 12%, the company issues $600,000 of the bonds. The bonds pay interest semiannually. (Click the ioon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of 51 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 able.) Read the roquirements. Requirement.1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) Upon issuance of the bonds payable, the company received Requirement 2. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the neareat doliar.)