On January $1,2021,$ Bradley Recreational Products issued $$180,000,9\%,$ four$-$year bonds. Interest is paid semiannually on June $30$ and December $31.$ The bonds were issued at $$174,183$ to yield an annual return of $10\%.($FV of $$1,$ PV of $$1,$ FVA of $$1,$ PVA of $$1,$ FVAD of $$1$ and PVAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

Prepare an amortization schedule that determines interest at the effective interest rate.

Prepare an amortization schedule by the straight$-$line method.

Prepare the journal entries to record interest expense on June $30,2023,$ by each of the two approaches.

Assuming the market rate is still $10\%,$ what price would a second investor pay the first investor on June $30,2023,$ for $$18,000$ of the bonds?

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Required $5$

Prepare an amortization schedule that determines interest at the effective interest rate. $($Enter your answers in whole dollars.$)$

$\backslash$table$[[\backslash$table$[[$Payment$],[$Number$]],\backslash$table$[[$Cash$],[$Payment$]],\backslash$table$[[$Effective$],[$Interest$]],\backslash$table$[[$Increase in$],[$Balance$]],\backslash$table$[[$Carrying Value$]]],[1,,,,],[2,,,,],[3,,,,],[4,,,,],[5,,,,],[6,,,,],[7,,,,],[8,,,,],[$Totals$,$$$,,,]]$