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On January 1 of this year, Barnett Corporation sold bonds with a face value of $ 5 0 0 , 0 0 0 and a

On January 1 of this year, Barnett Corporation sold bonds with a face value of $500,000 and a coupon rate of 7 percent. The bonds mature in 10 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:
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.
\table[[,Case A (7 percent),Case B (8 percent),Case C (6 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,,,]]
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