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On June $1,2023,$ JetCom Inventors Inc. issued & $$640,0009\%,$ three$-$year bond. Interest is to be paid semiannually beginning December $1,2023.$

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Required:

a$.$ Calculate the issue price of the bond assuming a market interest rate of $10\%.($Do not round intermediate calculations. Round the final answer to the nearest whole dollar.$)$

Issue price of the bond

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 amourits as positive values.$)$

$\backslash$table$[[\backslash$table$[[$Period$],[$Ending$]],\backslash$table$[[$Cash$],[$Interest Paid$]],\backslash$table$[[$Period Interest$],[$Expense$]],\backslash$table$[[$Discount$],[$Amort$]],\backslash$table$[[$Unamortized$],[$Discount$]],\backslash$table$[[$Carrying$],[$Value$]]],[$June $\frac{1}{23},,,,,],[$Dec$.\frac{1}{23},,,,,],[$June $\frac{1}{24},,,,,],[$Dec$.\frac{1}{24},,,,,],[$June $\frac{1}{25},,,,,],[$Dec$.\frac{1}{25},,,,,]]$

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$(2)$

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ENG $,2024-03-10$