a. Calculate how much Pebble Company received on December 31, 2020 for issuance of the bonds. Round up to the nearest dollar. b. State how much Rock Company paid to purchase 50% of the bonds on December 31, 2020. c. Prepare the bond amortization schedule for the issuer of the bonds for the three-year period 2020 to 2022. Round each figure to the nearest dollar.

a. Calculate how much Pebble Company received on December 31,2020 for issuance of the bonds. Round up to the nearest dollar. b. State how much Rock Company paid to purchase 50% of the bonds on December 31,2020. c. Prepare the bond amortization schedule for the issuer of the bonds for the three-year period 2020 to 2022. Round each figure to the nearest dollar. On December 31,2020 , Pebble sold $100,000 par value of 11%,10-year bonds which resulted in an effective interest rate of 10%. The bonds pay interest semi-annually on June 30 and December 31 . Both companies use the Bffective Interest method to amortize any premium / discount on the bonds. On December 31,2021 , Rock purchased $50,000 par value of the parent's bonds, paying a price equal to par. The bonds are still held on December 31,2022. On December 31, 2022, Pebble sold equipment with i cost of $50,000 and accomulated depreciation of $30,000 to Rock for $40,000. Rock will use the equipment beginning in 2023 . Pebble and Rock had the following trial balances on December 31. 2022