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Banting Best Pharmaceuticals Ltd . is a large commercial insulin producer, with a number of manufacturing facilities across Canada. To france the additional real estate

Banting Best Pharmaceuticals Ltd. is a large commercial insulin producer, with a number of manufacturing facilities across Canada. To france the additional real estate and production facilities necessary to meet the increasing global demand for the company's products, the company decided to issige bonds. On May 1,2020, it issued 20-year, semi-annual bonds with a face value of $98,000,000 The contract rate on the bonds was 10.4% and the bonds were issued at 96.0 to yield 10.9%, Interest payments are to be made each October 31 and April 30.Determine the missing amounts in the bond amortization schedule below. (Round answers to O decimal places, eg.125)Interest ExpenseAmortization of Bond DiscountBalance of Bond DiscountCarrying Value of Bonds$3,920,000$5,127,360$31,360$3.888,640$4,111,36063055579$94.144.429
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