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can you guys please solve this as according to the pattern On January 1, 2021. Sunland Ltd. issued bonds with a maturity value of $7.200,000

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can you guys please solve this as according to the pattern

On January 1, 2021. Sunland Ltd. issued bonds with a maturity value of $7.200,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi- annually on July 1 and January 1 of each year. The company's year end is December 31. Click here to view the factor table. Present Value of 1 Click here to view the factor table. Present Value of an Annuity of 1 Calculate the issue price of the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round final answer to 0 decimal places, e.g. 5,275.) Issue Price $ e Textbook and Media List of Accounts Prepare a bond amortization schedule from the date of issue up to and including January 1, 2023. (Round answers to decimal places, eg. 5,275.) SUNLAND LTD. Bond Premium Amortization Table Effective Interest MethodSemi-Annual Interest Payments 5% Bonds Issued at market rate of 4% Interest Payment Interest Expense Premium Amortization $ Bond Amortized Cost $ $ $ Date Jan. 1. 2021 July 1 2021 Jan. 1 2022 July 1 2022 Jan. 1. 2023 e Textbook and Media List of Accounts Prepare all of the required journal entries related to the bonds that Sunland Ltd. will record during 2021, including any adjusting journal entries at December 31, 2021. (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record issuance of bonds.) July 1 (To record interest payment.) Dec. 31 (To accrue interest expense.) What amounts would be reported as current and non-current in the liabilities section of Sunland Ltd's December 31, 2021, balance sheet? (Round answers to decimal places, e.g. 5,275.) SUNLAND LTD. Balance Sheet (Partial) $ Record the payment of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record interest payment.) e Textbook and Media List of Accounts The bonds were redeemed on January 1, 2023 (after the interest had been paid and recorded) at 102. Prepare the journal entry for the redemption of the bonds. (Round answers to decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 1 (To record redemption of bonds.) Assume instead that the bonds were not redeemed on January 1, 2023. Record the entry for the repayment of the bonds on January 1, 2031. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation Jan. 1 (To record maturity of bond. e Textbook and Media List of Accounts What will be the total interest payment over the 10-year life of the bonds? What will be the total interest expense over the 10- year life of the bonds? (Round answers to 0 decimal places, eg. 5,275.) Interest Payment $ Interest Expense $

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