On January 1, 2017, Kaizen Corporation issued a $600 million note that matures in 10 years. The note has a stated interest rate of 6 percent. When the note was issued, the market rate was 6 percent. The note pays interest twice per year, on June 30 and December 31. Use Table 9C.1. Table 90.2 At what price was the note issued? (Round time value factor to 4 decimal places. Enter your answer in dollars not in millions and rounded to the nearest whole dollar.) Issue price Shuttle Company issued $2,750,000, three-year, 5 percent bonds on January 1, 2017. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 4 percent. Use Table 9C.1. Table 9C.2 (Round time value factor to 4 decimal places.) Required: 1. Complete a bond payment schedule. Use the effective-interest method. (Make sure that the unamortized discount/premium equals to 'O' and the Net Liability equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+) discount / (-) premium amortized. Round intermediate and final answers to the nearest whole dollar.) Bond Payment Schedule Cash Interest Amortization Payment Expense of Premium Date Carrying Amount 1/1/2017 12/31/2017 12/31/2018 12/31/2019 2. What amounts will be reported on the financial statements (statement of financial position, statement of earings, and statement of cash flows) for 2017, 2018, and 2019? (Round intermediate and final answers to the nearest whole dollar.) 2017 2018 2019 Interest expense Bonds payable Interest payment Issuance of bonds Payment of bonds The Nair Company issued a $12 million bond at a discount five years ago. The current carrying amount of the bond is $11.30 million. The company now has excess cash and decides to retire the bond. The bond is callable at 108 percent of its face value. Required: Prepare the journal entry to record the retirement of the bond. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in dollars not in millions.) View transaction list Journal entry worksheet Record the retirement of bond. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal