On January 1, 2021, Bradley Recreational Products issued $150,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $136,028 to yield an annual return of 12%. (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.) 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 12%, what price would a second investor pay the first investor on June 30, 2023, for $18,000 of the bonds?

Payment Number Cash Payment Effective Interest Increase in Balance Carrying Value 1 2 3 4 01 6 7 8 Totals not round Intermedia Prepare amortization schedule by the straight-line method. whole dollars.) Payment Number Cash Payment Recorded Interest Increase in Balance Carrying Value 1 2 3 4 5 6 7 8 Totals General Journal Debit Credit Event 1 Record interest expense on June 30, 2023, by the straight-line method. Note: Enter debits before credits. General Journal Debit Credit Event 2. Price of the bonds