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most of the question is done, can you solve the last part, requirement 4? TABLE 14A.1 3. Show the journal entries that Calculations Marketing Inc.

most of the question is done, can you solve the last part, requirement 4?

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TABLE 14A.1 3. Show the journal entries that Calculations Marketing Inc. would make to record the first two interest payments assuming a December 31 year-end. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) 4. Use the original market interest rate to calculate the present value of the remaining cash flows for these bonds as of Decembe 31, 2022. Compare your answer with the amount shown on the amortization table as the balance for that date. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Calculations Marketing Inc. issued 10.5% bonds with a par value of $350,000 and a five-year life on January 1,2020 , for $356,757 The bonds pay interest on June 30 and December 31. The market interest rate was 10% on the original issue date. Use TABLE 14A.1 and TABLE 14A.2. (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the total bond interest expense over the life of the bonds. 2. Prepare an amortization table using the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) TABLE 14A.2

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