On January $1,2024,$ Pine Knob Enterprises issues $$34$ million of$$bonds that pay interest semiannually on June $30$ and December $31.$ Portions of the bond amortization schedule appear below:

$$

$(1)$

Date$(2)$

Cash Paid for Interest$(3)$

Interest Expense$(4)$

Increase in Carrying Value$(5)$

Carrying Value$1/1/2024$$$31,689,6456/30/2024$$$1,190,000$$$1,267,586$$$77,58631,767,23112/31/20241,190,0001,270,68980,68931,847,920$

Problem $9-6$A $($Algo$)$ Part $2$

$2.$ What is the original issue price of the bonds? $($Enter your answer in whole dollars, not millions $($i$.$e$.,$ $$5\mathrm{.}5$ million should be entered as $5,500,000).)$