On Jan 1, 2016, IZHEL issued a $100,000, 9% (payable annually), 5-year, bond. On Jan 1, 2016, the market rate was 11%. O vAWN Int. Expense Dis Amort. $ 1,187 $ Date 1-Jan-16 1-Jan-17 1-Jan-18 1-Jan-19 1-Jan-20 1-Jan-21 Cash Paid $ 9,000 9,000 9,000 9,000 9,000 10,187 10,317 Carrying Value 92,608 93,795 n= i= pv =? pmt= fv= 5 11% (92,608) 9,000 100,000 $ $ $ 11 12 13 14 15 16 17 1. For how much the bond was issued on Jan 1, 2016? 2. What was the carrying value of the bonds on December 31, 2018? 3. What was the total interest expense for the year ended on December 31, 2019? 4. What was the unamortized premium (discount) at December 31, 2017? 5. What was the carrying value of the bonds on December 31, 2019? 6. If the bond was purchased on Jan 1, 2018 at 98 of face value, what was the gain (loss) on the acquisition of the bond? 18 19 20 21