P15-4A Metrovan Rental Company's balance sheet reported the following data on September 30, Year 1. end of the fiscal year (amounts rounded): Long-Term Debt: 6.00% debenture bonds payable due Year 20 with an effective interest rate of 8.00%, net of discount of $39,200.. Metrovan measures interest expense by the effective-interest method. Required 1. Answer the following questions about Metrovan's long-term debt.

a. What is the maturity value of the 6.00% debenture bonds? $164.800

b. What is the carrying amount of the 6.00% debenture bonds at September 30, Year 1?

c. What is Metrovan's annual cash interest payment on the 6.00% debenture bonds? 2. Prepare an amortization table through September 30, Year 3, for the 6.00% debenture bonds. Metrovan pays interest annually on September 30. 3. Record the September 30. Year 3 interest payment and amortization of the discount on the 6.00% debenture bonds. 4. What is Metrovan's carrying amount of the 6% debenture bonds at September 30. Year 3, immediately after the interest payment?