Bond Transactions On January 1, 20Y1, Harrison Heating and Cooling issued a 3-year bond with a 4% stated rate. The bond pays interest annually on December 31. The effective rate of interest on the date of sale was 6% Harrison's bond interest amortization schedule is as follows: Date Cash Payment Interest Expense Discount Amortization Discount Balance Amount Owed Issuance (1/1/41) $4.277 $75.723 End of Year 1 $3.200 $4,543 $1,343 $2.933 $77,066 End of Year 2 $3,200 $4,624 $1,424 $1.509 $78,490 End of Year 3 $3,200 $4.709 $1.500 $0 $80,000 REQUIREMENT 1 Complete the following t-accounts related to the company's 20Y1 bond transactions. Enter dollar values with no dollar sign and appropriate commas (e.g. 5.000). Every box in each t-account relates to a separate transaction and every box needs an answer. If there is no dollar value for the box put a 'o' in the space provided. If the t-account is not used, write "Blank' for the account title. ASSETS LIABILITIES EQUITY + + + Bonds Payable REQUIREMENT 2: What is the carrying value of the bond at December 31, 20Y2? QUESTION 12 Bond Transactions On January 1 2071. Harrison Heating and Cooling issued a 3-year bond with a 4% stated rate. The bond pays interest annually on December 31. The effective rate of interest on the date of sale was 6%. Harrison's bond interest amortization schedule is as follows Cash Interest Discount Discount Amount Date Payment Expense Amortization Balance Owed Issuance (1/1/11 54277 $75.723 End of Year: 53 200 $4.543 S1.343 $2.933 $77056 End of Year 2 S3200 54624 S1,424 $1.500 $78,290 End of Year 3 $3200 S1.509 $0 $80.000 REQUIREMENT 1: Complete the following t-accounts related to the company's 20Y1 bond transactions Enter dollar values with no dollar sign and appropriate commas leg 5.000l. Every box in each t-account relates to a separate transaction and every box needs an answer. If there is no dollar value for the box, put a 'o' in the space provided. if the t-account is not used write 'Blank" for the account title. ASSETS UABILTIES EQUITY + + + Bonds Payable REQUIREMENT 2: What is the carrying value of the bond at December 31, 20Y2