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On June 30, 2021. Singleton Computers issued 7% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2036

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On June 30, 2021. Singleton Computers issued 7% stated rate bonds with a face amount of $200 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (3.5%) on June 30 and December 31, beginning on December 31, 2021. (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.) Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Table values are based on Cash Flow Amount Present Value new and elever, H Velvet JULY VILLARY V.LV of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the Interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Tablo values are based on: n= Cash Flow Amount Present Value Interest Principal Price of bonds of $1) (Use appropriate factor(s) from the tables provided.) W JUNE JU vever, my UIT VELEM U ULICY MRLMYLCYMUILLA ARQUIVAL Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollor amount.) Period-End Cash Interest Bond Interest Pald Expense Premium Amortization Carrying Value 06/30/2021 12/31/2021

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