I have absolutely no idea what to do or where to start, please help! I've tried several things, but i think I'm getting the wrong answer

NAME General Instructions 1. The following worksheet may be used to complete the problem. You may need to refer to your textbook for additional information. Problem 1 Norris Company issued five-year, 5% bonds with a face value of $4,000,000 on January 1, 2016. Interest is paid annually on December 31. Assume that the market rate of interest of January 1, 2016, is 6%. Face Value: Required 1. Calculate the proceeds from the sale of the bonds. 1. Prepare a five-year table to amortize the discount using the effective interest method. Discount Amortization Effective Interest Method of Amortization Date 01/01/16 12/31/16 12/31/17 12/31/18 12/31/19 12/31/20 Col. 1 Col. 2 Col. 3 Col. 4 Cash Interest Discount Interest Expense Amortized Carrying Col. 2 - Col. 1 Value WNA Manufacturing Use the following selected data and additional information from the records of WNA Manufacturing to produce the Statement of Cash Flows; using the Indirect Method. Sales revenue Cost of goods sold Gross profit General and administrative expenses Depreciation expense Total expenses and losses Income before interest and taxes Interest expense Income before taxes Income tax expense Net income For the Year Ended December 31, 2016 $ 467,000 297,000 $ 170,000 $ 47,000 64,000 $ 110,000 $ 59,000 13,000 $ $ Balance Sheet Data 47,000 14,000 32,000 2016 Cash Accounts receivable Inventory Prepaid rent Total current assets Land Plant and equipment Accumulated depreciation Total long-term assets Total assets $ Accounts payable Other accrued liabilities Income taxes payable Total current liabilities Long-term bank loan payable Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 132,000 27,000 7,000 $ 166,000 $ 110,000 $ 255,000 223,000 $ 478,000 $ 754,000 $ $ $ $ $ Additional information: Common stock was issued for cash 27,000 76,000 68,000 10,000 181,000 212,000 637,000 (276,000) 573,000 754,000 2015 $ $ $ $ $ 32,000 64,000 81,000 14,000 191,000 144,000 510,000 (212,000) 442,000 633,000 $ 126,000 22,000 8,000 $ 156,000 $ 110,000 $ 170,000 197,000 $ 367,000 $ 633,000 - $ - The only items affecting retained earnings in 2016 were net income and dividends declared and paid. Period Ending Assets Current Assets Cash And Cash Equivalents Short Term Investments Net Receivables Inventory Other Current Assets 31-May-15 31-May-14 3,852,000 2,072,000 3,747,000 4,337,000 1,968,000 2,220,000 2,922,000 MARKETABLE SECURITIES 3,789,000 ACCOUNTS or CURRENT RECEIVABLES 3,947,000 818,000 Total Current Assets Property Plant and Equipment 15,976,000 13,696,000 3,011,000 2,834,000 Total Assets 21,600,000 18,594,000 Liabilities Total Current Liabilities Long Term Debt Total Liabilities 6,334,000 1,079,000 8,893,000 5,027,000 1,199,000 7,770,000 DEBT Total Stockholder Equity 12,707,000 10,824,000 Net Tangible Assets 12,295,000 10,411,000 Period Ending Total Revenue Cost of Revenue 31-May-15 31-May-14 30,601,000 27,799,000 16,534,000 15,353,000 Earnings Before Interest And Taxes Interest Expense Income Before Tax 4,205,000 457,000 3,748,000 3,544,000 376,000 3,168,000 Net Income 3,748,000 3,168,000 Name: Section: 1. Working capital: Calculate the following measures by entering each numerator and denominator. Ratio 2. Current ratio 3. Acid-Test (Quick) ratio Accounts receivable 4. turnover Number of days' sales in 5. receivables 6. Inventory turnover Number of days' sales in 7. inventory Return on Common 8 Stockholders' Equity Debt to stockholders' 9. equity Number of times interest 10. charges earned Numerator Denominator Calculated Value