Harrison Ltd$.$issued $$4,400,000$of bonds payable on $30$April $20$X$0.$The bonds are due on $30$April $20$X$8,$and bear interest at $4\mathrm{.}5\%$per annum, payable every $30$October and $30$April$.$ The bonds were issued to yield $5\%$per annum. Harrison$$s fiscal year ends on $31$December$.$ Harrison uses the effective interest method of amortization. $($PV of $$1,$PVA of $$1,$and PVAD of $$1.)($Use appropriate factor$($s$)$from the tables provided.$)$

Required:

$1.$Calculate the proceeds from issuance.$($Round time value factor to $5$decimal places. Round your final answer to the nearest whole dollar amount. Do not round intermediate calculations.$)$

$2.$Calculate the proceeds from issuance if the yield rate is $4\%$and the bond is issued on $30$October $20$X$2,$still with a maturity date of $30$April $20$X$8.($Round time value factor to $5$decimal places. Round your final answer to the nearest whole dollar amount. Do not round intermediate calculations.$)$

$3.$Calculate the proceeds from issuance if the yield rate is $8\%,$and the bond is issued on $30$April $20$X$1,$still with a maturity date of $30$April $20$X$8.($Round time value factor to $5$decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.$)$

$4.$Assume that on $30$October $20$X$5$the market rate of interest is $10\%$for notes of similar risk and maturity.

a$.$Determine the book value $($including unamortized discount$/$premium$)$that will be shown on the statement of financial position at that date assuming the bond was issued as in requirement $1.($Round time value factor to $5$decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.$)$

b$.$Determine$$the fair value that will be disclosed in the notes. $($Round time value factor to $5$decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.$)$