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un ry wurk Quatro Co. issues bonds dated January 1, 2017, with a par value of $860.000, The bonds' annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. Complete this question by entering your answers in the tabs below. ces Required 1 Required 2 Required 3 What is the amount of the premium on these bonds at issuance? Premium Reired Required 2 > Quatro Co. issues bonds dated January 1, 2017, with a par value of $860.000. The bonds' annual contract rate is 10%, and interest is paid semiannually on June 30 and December 31, The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 How much total bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed %24 Total bond interest expense Check my work paid semiannually on June 30 and December 31, The bonds mature in three vears, The annual market rate at the date of issuance is 8%, and the bonds are sold for $905,068. 1. What is the amount of the premium on these bonds at issuance? 2. How much total bond interest expense will be recognized over the life of these bonds? 3. Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. Complete this question by entering your answers in the tabs below. ok Required 1 Required 2 Required 3 nces Prepare an amortization table for these bonds; use the straight-line method to amortize the premium. (Round your Intermediate calculations to the nearest dollar amount.) Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2017 06/30/2017 12/31/2017 06/30/2018 12/31/2018 06/30/2019 12/31/2019 Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its statement of cash flows for the year ended December 31, 2017. (Amounts to be deducted should be indicated with a minus sign.) Selected 2017 Income Statement Data Selected Year-End 2017 Balance Sheet Data Accounts receivable increase Prepaid expenses decrease Accounts payable increase Wages payable decrease $490,000 Net income Depreciation expense Gain on sale of machinery $40,400 7,700 7,600 3,800 93,500 27,800 Cash flows from operating activities Adjustments to reconcile net income to operating cash flow %24 At December 31 2017 2016 2015 Assets Cash 34,712 $ 62,626 85,238 9,394 255,355 $ 518,897 $ 447,325 $ 384,300 $ 30,615 $ 89,619 110,447 10,056 36,904 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 49,713 54,025 4,185 278,160 239,473 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $ 131,789 $ 74,842 $ 50,728 96,577 99,798 162,500 110,185 $ 447,325 83,232 162,500 128,031 162,500 87,840 $ 384,300 $ 518,897 Total liabilities and egquity 1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the current ratio for the years ended December 31, 2017, 2016, and 2015. Current Ratio Choose Numerator: I Choose Denominator: Current Ratio Current ratio 2017: to 1 2016: to 1 2015: to 1 %3D 1. Compute the current ratio for the year ended 2017, 2016, and 2015. 2. Compute the acid-test ratio for the year ended 2017, 2016, and 2015. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the acid-test ratio for the years ended December 31, 2017, 2016, and 2015. Acid-Test Ratio Choose Numerator: I Choose Denominator: Acid-Test Ratio Acid-test ratio %3D 2017: %3D to 1 2016: to 1 %3D 2015: +. to 1 %3D