Tranquility, Inc. is authorized to issue $7\%,10-$year bonds payable. On January $1,2024,$ when the market interest rate is $10\%,$ the company issues $$600,000$ of the bonds. The bonds pay in semiannually.

$($Click the icon to view Present Value of $$1$ table.$)$

$($Click the icon to view Future Value of $$1$ table.$)$

$($Click the icon to view Present Value of Ordinary Annuity of $$1$ table.$)$

$($Click the icon to view Future Value of Ordinary Annuity of $$1$ table.$)$

Read the requirements.

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 nearest dollar$)$

$\backslash$table$[[,,$Interest,,Carrying$],[,$Cash Paid,Expense,Amortized,Amount$],[\frac{01}{01}\frac{?}{2024}$