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Assume that the notes to Pitt Ltd.'s financial statements reported the below data about their $3,200,000 debentures on September 30,2023 . (Click the icon to
Assume that the notes to Pitt Ltd.'s financial statements reported the below data about their $3,200,000 debentures on September 30,2023 . (Click the icon to view the financial statement data.) Requirement 1. Answer the questions about Pitt's long-term liabilities. a. What is the maturity value of the 6 -percent debentures? What is the maturity value of the 6 -percent debentures? b. What is the carrying amount of the 6-percent debentures on September 30, 2023? 2024? (Round your answers to the nearest dollar.) What is the carrying amount of 6-percent debentures on September 30,2023 ? What is the carrying amount of the 6-percent debentures on September 30, 2024? c. What are Pitt's annual cash interest payments on these debentures? What is the annual cash interest payment? Requirement 2. Prepare an amortization table through September 30, 2025, for the 6-percent debentures. Pitt Ltd. pays interest annually on September 30. (Round amounts to the nearest dollar. Financial statement data
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