13B. On January 1, 2018, when the market interest rate is 6%, Hawkins Corporation issues $200,000 of 8%, five-year bonds payable. The bonds pay interest semiannually. Hawkins Corporation received $217,040 in cash at issuance. Assume interest payment dates are June 30 and December 31. Prepare an effective interest amortization method amortization table for the first two semiannual interest periods Ch On December 31, 2018, when the market interest rate is 8%, Arnold Corporation issues $200,000 of 6%, 10-year bonds payable. The bonds pay interest semiannually. Determine the present value of the bonds at issuance. Payne Corporation has the following accounts as of December 31, 2018: Total Assets Total Liabilities $ 60,000 20,000 40,000 Total Equity ompute the debt to equity ratio at December 31, 2018