Coney Island Entertainment issues $1,010,000 of 8% bonds, due in 7 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the...

Coney Island Entertainment issues $1,010,000 of 8% bonds, due in 7 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

May 26, 2022