Coney Island Entertainment issues $1,000,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.

2.

The market interest rate is 8% and the bonds issue at a discount.

3.	The market interest rate is 6% and the bonds issue at a premium.

Please show work!

Thank you.

ssue price Interest Decrease i carrying value Interest Expense Carrying Value Cash Decrease in Carrying Value Carrying Value Date Cash Paid 01/01 06/30 12/31