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Cullumber Technologies Ltd. issued bonds with a face value of $57,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are
Cullumber Technologies Ltd. issued bonds with a face value of $57,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. Complete the first four payments of the bond amortization schedule below: (Round answers to 0 decimal places, e.g. 125.) \begin{tabular}{|c|c|c|c|c|c|c|} \hline Date & & \begin{tabular}{l} Interest \\ Payment \end{tabular} & & \begin{tabular}{l} Interest \\ Expense \end{tabular} & & \begin{tabular}{c} Amortization of \\ Bond Premium \end{tabular} \\ \hline \multicolumn{7}{|l|}{ Issuance } \\ \hline Payment 1 & $ & & $ & & $ & \\ \hline \multicolumn{7}{|l|}{ Payment 2} \\ \hline \multicolumn{7}{|c|}{ Payment 3} \\ \hline Payment 4 & & & & & & \\ \hline \end{tabular} Balance of Bond Premium $3,083,700 Carrying Value of Bonds $60,083,700
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