with solutions plss

PROBLEM 2 On January 1, 2010, Ellison Co. issued eight-year bonds with a face value of $1,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Table values are: Present value of 1 for 8 periods at 6%........... .627 Present value of 1 for 8 periods at 8%............. .540 Present value of 1 for 16 periods at 3%.......... .623 Present value of 1 for 16 periods at 4%............. .534 Present value of annuity for 8 periods at 6%............. 6.210 Present value of annuity for 8 periods at 8%............... 5.747 Present value of annuity for 16 periods at 3%............. 12.561 Present value of annuity for 16 periods at 4%............ 11.652 1. The present value of the principal is 2. The present value of the interest is 3. The issue price of the bonds is