For each of the following scenarios: a) Prepare b) What was the amount of cash received when the bond was issued? an amortization schedule for 3 years. c) What amount was recorded as Bonds Payable when the bond was issued? d) What is the amount of interest to be paid for the 2nd year? e) What is the amount of interest reported on the income statement for the 2nd year? f) Show how interest and bonds would be presented on the balance sheet after the 3rd year On January 1, 2016, Andy Corporation issued $300,000, 7%, 10-year bonds at face value Interest is payable annually on January 1 1 January 1, 2016 for $559,740 Buzz Corporation issued $600,000, 7%, 10 year bonds on This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually premiums and discounts. 2. January 1. Buzz uses the effective-interest method to amortize bond on Slink Corporation issued $450,000, 7%, 10-year bonds on January 1, 2016 for $483,120 This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1. Slink uses the effective-interest method to amortize bond premiums and discounts. 3