December 31 of this year? ner 31 of this year? ltion Schedule for a Bond Issued at a Premium Prepa On January I of this year, Olive Co year, Olive Corporation issued bonds. Interest is payable once ayar Qn The bonds d orztion schedule below pertains to the bonds honds mature at the end of four years. o P10-10 31. lly completed amortization schedule bele ve uses the effective-interest amortization method. The T Date Cash Interest January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 Amortization Balance S3,600 48,813 48,630 48.434 S3.417 $183 210 3,376 48,000 equired 2. When the bonds mature at the end of Year 4, what amount of principle will Olive pay investors? 1. Complete the amortization schedule. . How much cash was received on the day the bonds were issued (sold)? 4. Were the bonds isued at a premium or a discount? If so, what was the amount of the prenium or discount? 5. How much cash will be disbursed for interest each period and in total over the life of the bonds? 6. What is the coupon rate? 7. What was the annual market rate of interest on the date the bonds were issued? 8. What amount of interest expense will be reported on the income statement for Year 2 and Year 3? 9. What amount will be reported on the balance sheet at the end of Year 2 and Year 3