51) Nichol Industries acquired common stock of Crest View Inc. as an investment. Consider the following transactions. 2009: Purchased 5,000 (15%) of the common shares of Crest View, Inc. for $10 per share cash plus a $800 brokerage commission. Crest View Inc. reports net income of $54,600 Nichols receives a cash dividend of $1.20 per share from Crest View, Inc Year-end market price of Crest View is $10.75 per share 2010: Sell all 5,000 shares for $9.50 per share Complete the table below to show what Nichol Industries would report on its balance sheet in 2009 and on its income statement in 2009 and 2010 if the investment is classified as trading, available-for-sale, or as an equity method investment. (10 points) 2009 Balance Sheet 2009 Income Statement 2010 Income Statement Trading Securities Available-for-Sale Securities Equity method investment 52) Neel Industries recently issued $20 million of 11% coupon bonds, payable semiannually, which mature in 15 years. The bonds were sold for $18,623,513 to yield 12% annual rate. Use the table below to show the amortization of the discount/premium, interest expense, and the carrying value of the bonds from issuance till the end of period 4. (20 points) Interest Expense Interest paid Amortization Bond Payable 0 1 2 3 4 49) Madison Company issues $300,000 of 10% bonds that pay interest semiannually and mature in 10 years. Compute the bonds' issue price assuming that the bonds' market interest rate is: ( 4 points) A.8% per year compounded semiannually B.12 % per year compounded semiannually