On January $1,2022,$ Ellison Co$.$ issued eight$-$year bonds with a face value of $$10,000,000$ and a stated interest rate of $($see below$),$ payable semiannually on July $1$ and January $1.$ The bonds were sold to yield $($see below$).$ The bonds are callable at $101$ and convertible. a$.$ Calculate the issuance price and record the issuance of the bonds on February $1.$ b$.$ Prepare an amortization table using the effective interest method. c$.$ Record the interest entries on July $1,2022$ and January $1,2023$

Stated Coupon Rate: $3\mathrm{.}5\%$

Yield: $4\%$