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Dashboard Technologies Ltd. issued bonds with a face value of $68,000,000 that mature in 15 years. The bonds carry a 6.0% interest rate and are

Dashboard Technologies Ltd. issued bonds with a face value of $68,000,000 that mature in 15 years. The bonds carry a 6.0% interest rate and are sold at 104.02 to yield 5.60%. The bonds pay interest semi-annually.

(a)

Complete the first four payments of the bond amortization schedule below: (Round answers to 0 decimal places, e.g. 125.)

Date Interest Payment Interest Expense Amortization of Bond Premium Balance of Bond Premium Carrying Value of Bonds
Issuance $2,733,600 $70,733,600
Payment 1 $ $ $
Payment 2
Payment 3
Payment 4

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