of 6 Required information Problem 9-5A Understand a bond amortization schedule (LO9-5) (The following information applies to the questions displayed below) rint On January 1, 2021, Vacation Destinations issues $35 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) 12) (3) (4) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $32,512,829 6/30/2021 $1,050,000 $1,137,949 $87.949 32,600,778 12/31/2021 1,050,000 1,141,027 91,027 32,691,805 Tences Problem 9-5A Part 2 2. What is the original issuje price of the bonds? (Enter your answer in dollars, not millions. (.e., $5.5 million should be entered as 5,500,000).) Issue price On January 1, 2021, Vacation Destinations issues $35 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (2) (3) Cash Paid Interest Increase in Carrying Value Carrying for Interest Expense Date 1/1/2021 6/30/2021 12/31/2021 $1,050,000 1.050.000 $1,137,949 1,141,027 $87,949 91,027 Value $32,512,829 32,600,778 32,691,805 Problem 9-5A Part 3 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (.e. $5.5 million should be entered as 5,500,000).) Face amount 6 Required information Problem 9-5A Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.) On January 1, 2021, Vacation Destinations issues $35 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (2) (3) (5) Increase Cash Paid Interest in Carrying Carrying Expense Value Value 1/1/2021 $32,512,829 6/30/2021 $1,050,000 $1,137,949 $87,949 32,600,778 12/31/2021 1,050,000 1,141,027 32,691,805 ces Date for Interest 02 Problem 9-5A Part 4 4. What is the stated annual interest rate? Stated annual interest rate Required information Problem 9-5A Understand a bond amortization schedule (L09-5) (The following information applies to the questions displayed below) On January 1, 2021, Vacation Destinations issues $35 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (2) (3) (4) Increase Cash Paid Interest in Carrying Carrying for Interest Expense Valve Value 1/1/2021 $32,512,829 6/30/2021 $1,050,000 $1,137,949 687,949 32,600,770 12/31/2021 1,050,000 1,141,027 91,027 32,691,805 Date Problem 9-5A Part 5 5. What is the market annual interest rate? (Round your answer to the nearest whole percent.) Market annual interest rate % Required information Problem 9-5A Understand a bond amortization schedule (L09-5) (The following information applies to the questions displayed below.) On January 1, 2021, Vacation Destinations issues $35 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (2) (4) (5) Increase Cash Paid Interest in Carrying Carrying Date for Interest Expense Value Value 1/1/2021 $32,512,829 6/30/2021 $1,050,000 $1,137,949 $87, 949 32,600,778 12/31/2021 1,050,000 1,141,027 91,027 32,691,805 Problem 9-5A Part 6 6. What is the total cash paid for interest assuming the bonds mature in 10 years? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) Total catch interest