Page 2 3) Assume Livingston Company issues 10-year bonds, as follows: Bonds are dated to be issued on: May 1, 20x6 Bonds are issued on: May 1, 20x6 Par value of bonds: $ 600,000 Stated annual interest rate: Effective annual interest rate: 5% Semiannual interest payments May 1 and November 1 Amortization method used: Effective Interest Method 6% Prepare and attach an EXCEL schedule to support your answers. REQUIRED: a) What total amount will the Livingston Company receive on May 1, 20x6? b) What amount of interest expense will be reported on the income statement for the year ended December 31, 20x6? c) What amount of interest expense will be reported on the income statement for the year ended December 31, 20x8? d) Assume that the entire bond issue $ (600,000) is reacquired by Livingston Company on November 1, 20x10. The reacquisition price is: 1.03 Prepare the appropriate journal entry to record the early retirement of the bonds