On January $1$ of this year, Barnett Corporation sold bonds with a face value of $$505,000$ and a coupon rate of $6$ percent. The bonds mature in $12$ years and pay interest annually on December $31.$ Barnett uses the effective$-$interest amortization method. Ignore any tax effects. Each case is independent of the other cases. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1)$

Required:

$1.$ Complete the following table. The interest rates provided are the annual market rate of interest on the date the bonds were issued.

Note: Use appropriate factor$($s$)$ from the tables provided. Round your final answers to nearest whole dollar amount.

Find for each Case A $(6$ percent$)$ Case B $(7$ percent$)$ Case C $(5$ percent$)$

a$.$ Cash received at issuance

b$.$ Interest expense recorded in Year $1$

c$.$ Cash paid for interest in Year $1$

d$.$ Cash paid at maturity for bond principal