On January 1 of this year, Ikuto Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond matures in three years and pays Interest every December 31. When the bond was issued, the annual market rate of interest was 6 percent. Ikuta uses the effective-interest amortization method (EV of $1. PV L$1. EVA of $1, and PVA of $.1) (Use the appropriate factor(s) from the tables provided. Round your answers to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life Date Cash Interest Interest Expense Amortization Book Value of Bond Jan 01. Year 1 Dec 31 Year 1 Dec 31 Year 2 Dec 31 Year 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2? Year 1 Year 2 December 31 interest expense Bonds payable Present Value of $1 Pride sort 3.75 NO 4.28 5.0 07 SO 3.03 0:00 09112 + 2 ESCO ZBOLSO OSNO VISID SCO 205250 050 00068 O10650 DE0850 WOO 16096 DI 1960 951060 DOSSO OSTO COLO CLOSO ERHO BEZSEO COLOD BESED OLIZED SERO 7244 0.81630 COMO SUZD LES063 OZNO 5 8 2 8 NOS 031272 0.129 060634 0.32275 0.0544 302 0.018 0.80181 0.77280 074490 0.71797 0.69202 0.66701 6.38797 0.87056 CS3 0.83 0.02095 BE 0.83462 Q.71200 0.74725 0.7096 0.66506 062741 S010 OSO 00045 0.05261 0.81 0.81300 0.71 074642 0.14 0.722 0.7011 GBOSS 0.66112 064186 0317 OBAGO 0.81212 0.70 0.725 0.71679 0.68757 054 0.6300 0.606 0.50212 0.74522 0.71000 0574 06405 061901 OS . os 0.79031 0.75992 73000 0.70250 0.679 0650 062460 0.00067 0:57740 0555 . GESSO GOD SEMOTO 10 12 0.47509 040 19 0.0097 50 STO SNO TO WARTO SEISO SO TEO 0.61966 ZDESD 0.77303 ST 0.14301 14 15 14 00 057560 053562 0.5191 SOSOT 048102 0.411 0.00 991 TO STRO LEREO TO YO OCD LEPO VO MILED POSED SED ISCESO ISO COS 0.71810 0.70010 051401 0515 VIO SZERO 000 022714 ESSIO CLEO SY PE ERROR BO 0.67201 58 0.57028 OS 04721 0.41 033051 0.31110 023300 0.17411 LEO CHEZO SOLO LEID TIS 0.7777 0.41 COVO LOVO CO CO D 021 B NOOR 11 NOT NE NO NO 2008 900 GO MO OTO 10 0.00 121 GLID SED 1614 FO ORSO 717 GRO CO CW SESO OOSE DO LO HISO LED 2600 O CHOCO COMO CO 5 CH 0425 0.AT ISO V. . ON 06501 OS 450 B HO 1 420 CHLOSO 10 OD DELO merro WE IDEO WOO COCO TO BIO CD IN ISO 24 NON 0.101 151 14 2014 DO . More LED 104 BO NO SOM DOS 000 Chini DEL CILV ON . 14 13 DV DO 2.05 3.0 3.75% 4.0 4.25% 7.0% 5 Present Value of Annuity of $1 Periode 1.09 1 47010 2 1.97040 2 2.94099 . 390197 5.34 6 5.79540 7 6.72319 . 765160 9 8.56602 10 9.47130 11 10250 11.25508 12.13374 14 13.09370 15 110S 16 14.71787 12 10 16.022 19 1722001 20 1800555 2202316 30 0.00019 1156 2003 3.80773 471345 5.60143 6.47199 7.22540 216224 98250 9.78585 1057534 1247 12.10625 12114926 13.57771 142918 149203 15.6784 10 0.97007 191347 282851 3.71710 457971 5.41719 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 10.63406 11 29607 11.9794 12.56710 115612 1175357 143210 188724 1701315 196004 0.95.385 1.89287 2.78831 3.65138 4426 528507 6.05790 6.000 7.52077 821279 3.87319 352269 10.16236 10.7393 11.31530 1151017 096154 188600 2.77509 3.62910 445132 5.24214 6.00205 6.71274 7.0533 11100 7604 9.38507 0.94340 1839 267301 3.46511 421230 4.91712 5.51238 620979 6.80169 136000 0.95823 187936 276190 2.80051 4.42073 519974 5.94999 6.66378 7.35135 L0109 8.6054 9 250 9.33251 10.000 10952 11.40031 11.93315 1240510 123593 1325437 151714 16902 0.95230 1.85941 2.72325 3.54595 2940 5.07569 5.78637 6.46321 7.1072 7.72173 3.30541 8.85325 9.3357 9.25864 10.37906 10.33777 1127407 0.93458 LOBO2 2.6202 238721 10020 475654 538229 5.87130 651523 7.62350 7407 7.94260 835705 1547 110701 + 1055312 11.11 11.6230 12.16567 1265930 LS250 9.29498 9.71225 101010 10.4772 1082100 11.15812 11 12.3 1292040 1241731 120152 12.45221 22 10.05.10 10.30 1001 160420 1767925 13.51033 1562200 122303 2296 15.1720 120004 w . w 11 13.0 NOEL SON 300 1 COLO 09116 175011 0.3710 NO 121212 20 nos 10000 16000 1625 115 051 . 12 OL SEO 2.100 2 2 2012 257710 201203 3271 4220 529531 264 24.00 7100 751723 2015 SET MET GO 10 4254 41122 112 4160 HIE LATE HOT OS 5. S 08 SORT 357 GI 597 C HO 30 HO
