On Oetwber $1,2023.$ Ross Wind Energy Inc. issued a $$1,570,000,10\mathrm{.}5\%,$ seven$-$year bond. Interest is to be paid annually each Octotier

Assume a November $30$ year$-$end. $($Use TABLF $14$A$\mathrm{.}1$ and IABLF $14$A$\mathrm{.}2).($Use appropriate foctor$($s$)$ from the wables providad$)$

Required:

a$.$ Calculate the issue price of the bond assuming a market interest rate of $8\%$ on the date of the bond issue. $($Do not round letermediate calculations. Round the final answer to the nearest whole dollar.$)$

b$.$ Using the effective interest method, prepare an amortization schedule. $($Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.$)$

$\backslash$table$[[,\backslash$table$[[$Period$],[$Ending$]],\backslash$table$[[$Cash$],[$Interest$],[$Paid$]],\backslash$table$[[$Period$],[$Interest$],[$Expense$]],\backslash$table$[[$Premium$],[$Amort$.]],\backslash$table$[[$Unamortized$],[$Premium$]],\backslash$table$[[$Carrying$],[$Value$]]],[$Oct$.,\frac{1}{23},,,,,],[$Od$.,\frac{1}{24},,,,,],[$Od$,\frac{1}{25},,,,,],[Oct,\frac{1}{26},,,,,],[$Od$,\frac{1}{27},,,,,],[$Od$.,\frac{1}{28},,,,,],[$Od$,\frac{1}{29},,,,,],[$art$,120,,,,0,]]$