you The notes to the Mann Ltd, financial statements reported the following data on December 31, Year 1 (end of the fiscal year) Click the icon to view the financial statement data) Mann amortizes bond discounts using the effective-Interest method and pays all interest amounts at December 31 Read the requirements Requirement 1. Assume the market interest rate is 6% on January 1 of year 1, the date the bonds are issued. (Round your answers to the nearest whole dollar) a. Using the PV function in Excel, What is the issue price of the bonds? The issue price of the bonds is 1 Data table Corre Note 6. Indebtedness Bonds payable, 1% due on December 31, Year B Less Discount Notes payable, 6%, payable in 840,000 annual instaliments starting in Year 6 $ 3,000,000 2 $ 240.000 Print Done