Assiatance amortizes bond discounts using the effective-interest myethod and pays all interest amounts at Docember 11. Read the feguighments Requirement 1. Requirements a. Using the PVit 1. Assume the market interest rate is 5% on January 1 of year 1 , the date the bonds are The issun price of issued. a. Using the PV function in Excel, what is the issue price of the bonds? b. What is the maturity value of the bonds? c. What is Assistance's annual cash interest payment on the bonds? d. What is the carrying amount of the bonds at December 31, year 1 ? 2. Prepare an amortization table through December 31, Year 4 for the bonds, (Round all amounts to the nearest dollar.) How much is Assistance's interest expense on the bonds for the year ended Docember 31, Year 4? 3. Show how Assistance would report these bonds and notes at December 31 , Year 4. the Assistance Las. frofeial statements fegortod the following data on Docomber 31, Year 1 fend of the ficek yeark. e icon to view the frampial statoment data.) amortizet bond decounts uning the eflectve inherest meit od and papt all interet amourts at Decerncer 3t Pinnests Data table Aseistance amorires tond diecounts using the ehective incerest method and poys all merest amounts at Decemtar a1. Hees the recusrementi a. Vaing the fry fificion in fixed, what is the issue prise of the borse? The asue price of the bonds is