BOND PREMIUM AMORTIZATION SCHEDULE 10mx3 but of Interpret the following table by answering the following questions: 1) When the bonds mature at the end of Year 2, what amount of principal will the bond issuer pay investors? 2) How much cash was received on the day the bonds were issued (sold)? 3) 4) Were the bonds issued at a premium or a discount? If so, what was the amount of the premium or discount? How much cash will be disbursed for interest each period and in total over the life of the bonds? 5) What is the coupon rate? What was the annual market rate of interest on the date the bonds were issued? 6] What amount of interest expense will be reported on the income statement for Year 1 and Year 2? 7) What amount will be reported on the balance sheet at the end of Year 1 and Year 2? Date (a) (b) (c) Amortization (d) Balance Cash Interest 01/01/2016 $103,630 06/30/2016 $5,000 $4,145 $(855) 102,775 12/31/2016 5,000 4,111 (889) 101.886 06/30/2017 5,000 4,075 (925) 100,961 12/31/2017 5,000 4,039 (961) 100,000 10-42