Carpbell tre produces and sells outdoor equipment On July 1. Year 1. Campbell incessued $84,100,000 of 10 year, 12% bonds at a market offective interest rate of 10%,receiving cash of 594,580, 781. Interest on the bonds is payable semiannually on December 31 and Juno 30. The focal year of the company is the calendar ynot Required: 1. Journale te entry to record the amount of cash proceeds from the issuance of the bords on muy 1. Your ! 2. Journalize the tries to record the following a. The first searwal interest payment on December 31, Yoar 1, and to recortization of the bond prorum, cung the stranger method (Round to the nearest dollar) b. The worst payment on me 30 Year 2 and the amortization of the bond prevrnum, using the straight to method (Round to the nearest dollar) 3. Dotermure we total interest expense for Your 4. Will the bond proceeds always be greater than the face amount of the bonds when the contract rato is greater than the market rate of interest? 5 Compute the price of 594,580,761 recevved for the bonds by using the tables shown in Presente Tablos (Round to the nearest cotar) *Refer to the Churt of Accounts for exact wording of account titles Periods 4.5% 5N 5.5% 6.54 4.09 0.00154 7 0.03458 0.03094 0.94340 1 0.03807 0.95238 0.00703 2 0.92450 0.01573 0.87630 0.04787 0 p64 0.85161 0000 0.83982 0.88108 0.82785 3 0.88000 088384 0.87344 0.81630 0.70200 4 0.79200 0.85480 0.82103 0.83850 0.80245 0.82270 0.78353 0.74822 007 0.76513 0.72525 0.77732 0.72958 0.71200 0.70031 0.74720 0.70498 0.00508 6 0.76700 0.00034 0.68533 0.64351 7 0.75992 0.71008 0.08744 0.62275 0 58201 0.73000 0.67884 0.65180 0.00423 0.73483 0.70310 0.67290 0.64393 a 0.64461 0.56735 0.70250 0.67550 0.64958 0.61783 0.58543 0.62741 050190 0.55830 0.52070 10 0.01301 0.53273 11 058488 0.50021 0.55491 0.02480 0.61620 0.58906 0.56427 0.55884 0.52508 0.40807 0.54393 0.50835 0.47500 0.44401 0.41408 0.38782 0.36245 0.33873 0.00057 0.53032 0.49850 0.40068 0.44102 0.41410 0.38883 0.40884 0.44230 0.57748 0.53007 0.47257 0.55520 0.51672 0.44703 0.50507 0.48102 0.45811 0.43630 0.49447 0.42458 0.53301 0.51337 0.40363 0.47318 0.40245 0.31057 0.36510 0.34281 0.32180 0.41727 0.39365 0.37136 0.35034 0.33051 0.31180 0.45280 0.41552 0.29588 0.47484 0.30573 0.30224 ape Enem www 0.43330 041484 0.38147 0.30158 0.34273 032486 0.27651 0.25842 0.45830 0.37680 028380 09 0.35804 0.28648 020416 0.24151 022571 0.43883 0.42100 0.40573 0 30703 0.25021 029187 0.37070 0.36335 0.34770 0.33273 0.34185 0.32557 0 31007 0.29530 0.23494 022080 021095 0.19715 24 030012 07656 0.20223 0 20714 027750 0.26180 024898 0.23300 0.2 1981 0.20737 0.10563 25 0.18425 0.37512 0.36060 0.34662 28 0.28124 024850 0.10450 0.18283 27 0.26785 0.31840 0.30400 020157 027 0.17220 0.10093 0.15040 28 0 17148 0.25500 0.33348 0.24293 0.23500 0.22332 0.21168 0.20004 0.10018 29 0.32065 0 18456 0.16101 0.14050 30 015110 0.17411 0.30832 0.26700 0.13137 0.12277 0.10425 31 0.29040 0.25550 0.24450 0.14120 0.13320 0.23138 0.22038 0.20987 0.10987 0.10035 32 0.28500 0.18027 0.11474 33 0.27400 0.23307 DE 0.14010 0.13701 34 0.16100 0.15352 0.12510 0.11752 0.11035 35 0.18120 0.13011 0.10723 0.10022 002 0.3 0.04701 0 26355 0.25342 020629 0.17120 0.14071 40 0.22300 0.21425 0.17193 0.13700 0.11071 0.14205 0.11740 0.00722 0.00054 0.07205 05 0.11130 0.08720 0.00038 ap 0.04291 0.05420 50 6.32% Present Value Tables The present value tables are provided Present Value of 51 Compound interest Du in n Periods and Present Value of Ordinary Annuity of per Period use them as deeded in the problem requirements Periods + 093450 3 4 5 Present Value of $1 at Compound Interest Due in n Periods 40% 4.5 5.54 0 . 0154 0.94340 0.95697 01573 090703 00345 19000 00000 0780 30384 05161 0.6502 062705 0540 0356 0.62370 0.80722 07000 077732 09193 000245 78353 0.76513 074726 72065 07131 0 T6790 074522 0.72525 70456 0.75982 753 71060 065744 0.66506 0 54351 073000 0.70319 0-67654 0.65100 062741 0.70250 0.57200 064461 061763 0.50190 056735 067556 0.64983 061391 058543 055830 053273 061520 55491 052679 50021 050966 055664 0.52595 046968 102 7 0.01630 676200 07129 666.34 062275 050301 054390 050835 47509 0.44401 041496 0 10 11 Book Periods 40% 0.00154 1 79 0.03456 2 3 4 133600 2.77500 202000 180002 2.62432 3.38721 410020 4.70054 5 4.45182 0 7 5.24214 000205 0.73274 7.43633 a 5.38020 5.97130 651023 10 7,02358 11 12 740007 7.04200 13 14 8.11000 8.70048 0.38507 0.00505 10.80312 11.11330 11.05230 12.10567 12 05030 15 18 18 0.35705 3.74547 0.10701 0.44005 0.78322 10.05000 10 33600 10,50401 10.83553 1100124 19 Present Value of Ordinary Annuity of 51 per Period 596 5.59 65 6.89 O 05004 0.05238 0.04797 0.94340 0.03007 1.07207 1.80049 104832 1.83330 1.82063 2.74096 2.72320 2.00793 267301 2.84848 3.50759 354505 350515 3.40511 3.42580 438000 4.32048 427028 421230 4 15503 5.15787 5.07500 4 09653 401732 434101 5.30270 5.78637 5.08297 5.50230 5.48452 0.50630 0 40321 0.33457 20070 601875 7.20070 7.10782 6.05220 0.00100 0.65010 701272 7.72173 783709 7.36000 718383 352892 3.30641 009264 7.30087 7.60004 0.11860 886925 3.61852 838304 8.15073 9.00215 0.39357 11708 8.85200 8.50074 10,2220 0 39004 9.38056 020400 9.01384 10.73055 10 37000 10.03758 071225 9.40207 11 23402 10.33777 10.46216 10 10500 0.76770 11 70710 1127407 10.80401 10.47720 10.11068 12.15000 11.08050 11.24607 10.82760 10.43247 12.69320 12.01632 11.00765 11.15812 10.73471 13.00704 1240221 11.05038 11 40002 11 01851 5340472 12.12115 12 27524 11.78406 11.28408 13.78442 13.10300 12.58317 1204158 1153520 14.14777 13.43657 12.87504 12 30338 11.77014 14 40543 13.79004 13.15170 12 56030 11.00074 1482821 14.09304 13.41393 12.78330 12.10788 15. 14001 14 37510 1360250 13.00317 12.30237 15. 45130 1404303 13 80810 1321053 12 57500 15.74207 14.89013 14.12142 13.40010 12.74048 10.02180 15.14107 14 33310 13 50072 12.00740 16.28080 15.37245 14,53375 13.78483 13.05860 16.54430 15.50281 14.72303 1392900 13.20003 10.78880 15.80200 14.00420 14.08404 13.33303 17.02280 18.00255 15.07507 1423023 13.45000 1724070 16.19290 15 23703 1430014 13.67001 17.40101 16.37419 15.39055 14.40825 13 68000 18.40158 17 15000 18.04612 15.04030 10.15835 17.77407 18,54773 15.45583 14.48023 1070201 18.25003 10.03152 15.78180 14.72452 13.13394 20 21 22 23 13.50033 1402016 14,45112 14.85054 11 27219 15.24000 25 11.40033 1165350 20 11.82578 27 11 03071 28 29 15.02208 15.00277 10.32959 10.00300 10,08371 17.29203 17.58840 17 87355 18.14705 18.41120 30 31 12 13711 12.27707 1240004 1253181 1204050 12.75370 32 30 34 12.85401 35 18.06461 40 19.79277 12.94767 13 33171 45 20.72004 13.00552 50 21.40210 13. 80075 hehehehe ACCO men Bay OUR Ter