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Bends Issued at a Premium (Etfective Interest) Haley industriet issued $160,000 of 6%,7-year bands on January 1,2024 , with a $9,258 premium. Interest is paid

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Bends Issued at a Premium (Etfective Interest) Haley industriet issued $160,000 of 6%,7-year bands on January 1,2024 , with a $9,258 premium. Interest is paid annualy on December 31 . The market rate of interest is 545 . This information has been collected in the Microsoft Excel Online file, Open the spreadsheet, perform the required analysis, and inpot your answer in the question below. Bonds issued at a Premlum (Eflective interest) Haley Industries issued bonds on January 1,2024 that are due in 7 years. Interest is paid annually on December 31 st. The following information pertains to the bond issuance: REQUIRED: Prepare the amortization table through using the offective interest rate method. (Note: Rounding diflerences may occur in spreadsheet software.) Using formulas and cell references from the problem data, perform the required analysis. Formulas entered in the green celis show in the orange cells. Transfer amounts to CNOWV2 for grading. This spreadsheet has been formatted to found numbers to the nearest cent. For example, 17.651.5=26.475. The amount will display and hold 26.48, not 26.475. There is no need to use Excel's rounding function. Prepare the amortization table using the effective interest rate method. Round interest expense to a dollar and round final year interest expense amount to complete the amortization

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