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hi could you please help me with this exercise i m stuck Ben Corporation issued bonds and received cash in full for the issue price.

hi could you please help me with this exercise i m stuck

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Ben" Corporation issued bonds and received cash in full for the issue price. The bonds were dated and Issued on January 1, 201 T. The coupon rate was payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partially completed (amounts in thousands): January 1, 2017 (issuance) . $3,449 End of year 2017 $527 $517 $10 3,439 End of year 2018 ' 527 7 ? 3,428 End of year 2019 527 ? ? ? End of year 2020 527 7 ? 3,400 M Required: ' 1. Complete the amortization schedule. (Make sure that the unamortized discountlpremium equals to 'D' and the Net Liability equals to face value of the bond in the last period. Enter your answers in thousands of dollars. Round intermediate calculations and nal answers to the nearest whole dollars. Enter all amounts as positive values.) January 1. 2017 End of year 2017 End of year 2018 End of year 2019 End 01' year 2020 End of year 2020 527 3,400 2. What was the maturity amount of the bonds? (Enter your answer in thousands of dollars.) Maturity amount 3. How much cash was received at the date of issuance (sale) of the bonds? (Enter your answer in thousands of dollars.) Cash received 4. What was the amount of discount or premium on the bond? (Enter your answer in thousands of dollars.) Premium5. How much cash will be disbursed in total for the full life of the bond issue? (Enter your answer in thousands of dollars.) Cash disbursed 6. What method of amortization is being used? Effective-interest method Straight-line method Deferred interest method 7. What is the coupon rate of interest? (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) Coupon rate of interest % 8. What is the effective rate of interest? (Round percentage answer to the nearest whole number.) Effective rate of interest % Type here to search O e 9 N EM9. What amount of interest expense should be reported on the statement of earnings each year? (Enter your answers in thousands of dollars.) Year Interest expense 2017 2018 2019 2020 10. Show how the bonds should be reported on the statement of financial position at the end of each year (show the last year immediately before repayment of the bonds). (Enter your answers in thousands of dollars.) 2017 2018 2019 2020 Net liability

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