Coney Island Entertainment issues $1,600,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 10.00 points Required: 1. The market interest rate is 7% and the bonds issue at face amount. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from t interest rate factors.) Issue price $ 1,600,000 Date Cash Paid Interest Increase in Expense Carrying Value Carrying Value $ 01/01/18 06/30/18 12/31/18 $ 5 56,000 56,000 $ 56,000 56,000 0 of 1,600,000 1,600,000 1,600,000 2. The market interest rate is 8% and the bonds issue at a discount. (FV of $1. PV of $1. FVA of S1, and PVA of $1) (Use aj interest rate factors.) Issue price Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/18 06/30/18 12/31/18 $ 56,000 56,000 3. The market interest rate is 6% and the bonds issue at a premium. (FV of $1. PV of $1. FVA of $1. and PVA of $1) (Use interest rate factors.) Issue price Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/18 06/30/18 12/31/18 $ 56,000 56,000