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On June 1, 2020, Shebandowan Investors Inc, issued a $4.810,000.11%, three-year bond. Interest is to be paid semiannually beginning December 1, 2020. Use TABLE 14A1

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On June 1, 2020, Shebandowan Investors Inc, issued a $4.810,000.11%, three-year bond. Interest is to be paid semiannually beginning December 1, 2020. Use TABLE 14A1 and TABLE 14A.2. (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 12% (Do not round Intermediate calculations. Round the final answer to the nearest whole dollar) Issue price of the bond b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Canh Interest Pald Period Ending Period interest Expenso Discount Amort. Unamortized Discount Carrying Value June 1/20 Dec 1/20 June 1/21 Dec, 1121 June 1/22 Dec 1/22 June 1/23 0 Totals S S 0 0 $

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