May purchased 80% of the outstanding common stock of Gardens on 1/1/18 for $18,750,000 in cash. Gardens reported the following income and dividends for 2018 and 2019 (in 000s):

	2018	2019
Net Income	1,000	4,000
Dividends	300	1,500

The following are the fair value/book value amounts for Gardens on 1/1/18 (in 000s) as prepared by May:

	Book Value	Fair Values
Cash	600	600
Receivables	1,500	1,500
Inventory (FIFO)	1,200	1,300
Plant & Equipment	10,000	13,000
Less: Accumulated Deprn.	3,000
Patent		3,000
FV of workforce in place		1,000
Accounts Payable	899.938	899.938
Bond Payable	1,071.062	1,233.837
Common stock	5400
Retained Earnings	2929

Each $1,000 face bond pays interest semi-annually on 6/30 and 12/31 and had 10 years until maturity on 1/1/18. There are 1,000 such bonds. The bond was originally issued when the market rate was 7% with a coupon rate of 8%. Hint: you must calculate the market rate of interest at 1/1/18. You have sufficient information here to do this. You will need a financial function of some type. Excel has functions of this type.

- I need help with finding the bond amounts for each year.