E10-15 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium and Determining Reported Amounts LO10-5 On January 1 of this year, Houston Company issued a bond with a face value of $16,000 and a coupon rate of 5 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 4 percent. Houston uses the effective-interest amortization method. (EV of $1, PV of $1. EVA of $1, and PVA of \$11) Note: Use appropriate factor(s) from the tables provided. Required: 1. Complete a bond amortization schedule for all three years of the bond's life. 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2? Complete this question by entering your answers in the tabs below. Complete a bond amortization schedule for all three years of the bond's life. Note: Enter all values as positive values. Round your intermediate calculations and final answers to whole dollars. E10-15 (Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium and Determiniag Reported Amounts LO10-5 On January 1 of this year, Houston Company issued a bond with a face value of $16,000 and a coupon rate of 5 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annuat market rate of interest was 4 percent. Houston uses the effective-interest amortization method. (EV of \$1, PV of $1. EVA of \$1, and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Required: 1. Complete a bond amortization schedule for all three years of the bond's life. 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2 ? Complete this question by entering your answers in the tabs below. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2 ? Note: Round your intermediate calculations and final answers to whole dollars. Future Value of 51 Present Value of 51 Present Value of $1 Present Value of $1