On October $1,2020,$ Best Biopharma Inc. issued an $$750,000,70\%,$ seven$-$year bond. Interest is to be paid annually each October $1.$ Assume a November $30$ year$-$end. $($Use TABLE $14$A$\mathrm{.}1$ and TABLE $14$A$\mathrm{.}2.)($Use appropriate factor$($s$)$ from the tables provided.$)$ Required: a$.$ Calculate the issue price of the bond assuming a market interest rate of $5\mathrm{.}0\%.($Do not round intermediate calculations. Round the final answer to the nearest whole dollar.$)$ Issue price of the bond $ $37,500$ b$.$ Prepare an amortization schedule using the effective interest method. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.$)$ Period Ending Premium Amort. Unamortized Premium Carrying Value $ Oct. $1/20$ Oct. $1/21$ Oct. $1/22$ Oct. $1/23$ Oct. $1/24$ Oct. $1/25$ Cash Period Interest Interest Paid Expense $37,50037,50037,50037,50037,50037,50037,50037,500300,000$ $ Oct. $1/26$ Oct. $1/27$ Totals $00$ $ $0$ $ $0$