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Current Attempt in Progress On January 1, 2021. Windsor Co. issued ten-year bonds with a face value of $4,600,000 and a stated interest rate of

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Current Attempt in Progress On January 1, 2021. Windsor Co. issued ten-year bonds with a face value of $4,600,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: 0.386 0.322 0.377 0.312 Present value of 1 for 10 periods at 10% Present value of 1 for 10 periods at 12% Present value of 1 for 20 periods at 5% Present value of 1 for 20 periods at 6% Present value of annuity for 10 periods at 10% Present value of annuity for 10 periods at 12% Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 6% 6.145 5.650 12.462 11.470 (b) Without prejudice to your solution in part (a), assume that the issue price was $4,066,400. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective-interest method. Date Cash Expense Amortization Carrying Amount 1/1/18 $ 6/30/18 $ $ 12/31/18 Attempts: 0 of 1 used Submit Answer Save for Later

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