Your answer is correct. Calculate the issue price of the bonds Issue price of bond $ 5578650 e Textbook and Media Attempts: 1 of 3 used (b) Without prejudice to your solution in part (a), assume that the issue price was $5,569,200. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective-interest method. Date Cash Expense Amortization Carrying Amou 1/1/18 6/30/18 $ 12/31/18 Current Attempt in Progress On January 1, 2021. Novak Co. issued ten-year bonds with a face value of $6,300,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% Present value of 1 for 10 periods at 12% Present value of 1 for 20 periods at 5% Present value of 1 for 20 periods at 6% Present value of annuity for 10 periods at 10% Present value of annuity for 10 periods at 12% Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 6% 0.386 0.322 0.377 0.312 6.145 5.650 12.462 11.470 (a) Your answer is correct. Calculate the issue price of the bonds. Issue price of bond $ 5578650 e Textbook and Media Attempts: 1 of 3 used