On January 1, 2017, SDNOB Company issues 16%, $5,000,000 4-year bonds and the bonds pay interest quarterly on Mar 31, Jun 30, Sep 30, and Dec 31 each year. The prevailing market interest rate at the date of issue is 12%. Use the Effective Interest Rate method of amortization. REQUIRED: 1. Calculate the price of the bonds at the issue date Principal Coupon Payment Future Value $ 5,000,000.00 Present Value Factor 3,115,850.0000 $ Present Value $ 0.00 15,579,250,000,000.00 Price of Bonds $ 5,628,055.00 2. Prepare a partial amortization table only for the first 2/2 years using the table given below A B D E F 1 DATE INTEREST PAID INTEREST AMORTIZED UNAMORTIZED CARRYING VALUE EXPENSE AMOUNT BALANCE OF BONDS 2 1/1/2017 $ 628,055 $ 5,628,055 3/31/2017 $ 200,000 $ 168,842 $ 31,158 596,897 5,596,897 6/30/2017 200,000 167,907 32,093 564,804 5,564,804 9/30/2017 200,000 166,944 33,056 531,748 5,531,748 12/31/2017 200,000 165,952 34,048 497,700 5,497,700 7 3/31/2018 200,000 164,931 35,069 462,631 5,462,631 3 4 5 6