Karl Walters Inc. issued $750,000 of 9.5 percent, 10-year bonds payable at a price of 113.9 on May 31, 2020. The market interest rate at the date of issuance was 7.5 percent, and the Karl Walters Inc bonds pay interest semi-annually. The effective-interest amortization table for the bond premium is presented here for the first two interest periods. E (Click the icon to view the effective interest amortization table.) a. How much cash did Karl Walters Inc. receive upon issuance of the bonds payable? b. Continue the effective-interest amortization table for the bond premium for the next two interest payments. c. Record issuance of the bonds on May 31, 2020, and payment of the third semi-annual interest amount and amortization of the bond premium on November 30, 2021. a. How much cash did Karl Walters Inc. receive upon issuance of the bonds payable? (Round your answer to the nearest whole dollar.) Karl Walters received cash of S 854250 upon issuance of the bonds payable. b. Continue the effective-interest amortization table for the bond premium for the next two interest payments (Round your answers to the nearest whole dollar.) A B. D E End of Interest Premium Semi-annual Interest Expense (3.75% of Preceding Bond Carrying Amount Payment (4.75% of Maturity Value) Amortization Unamortized Premium Account Bond Balance Previous D Carrying Amount Current C ($750,000 + D) $ 104 250 S 854.250 Interest Period (A-B) May 31, 2020 1 nr Enter any number in the edit fields and then click Check Answer 2020, and payment of the third semi-annual interest amount and amortization of the bond premium on November 30, 2021. 19 Interest Period Wywy Maturity Value) Amount) (A-B) Current ) (5750,000 + D) May 31, 2020 $ 104,250 S 854,250 $ 35.625 S 32,034 $ 3,591 100.659 Nov. 30. 2020 May 31, 2021 Nov. 30. 2021 35.625 31,900 850,659 846,934 3,725 96.934 May 31 2022