Part 1 of 9 (The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-Interest amortization method. The partially completed amortization schedule below pertains to the bonds: 6 points Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,600 ? ? ? eBook $ 3,417 ? ? 3,376 Balance $ 48,813 48,630 48,434 ? 48,000 $ 183 ? 210 ? Print References Required: 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole dollar amount.) Cash Interest Amortization Balance $ 48,813 $ 3,600 S 3,417 S 183 $ Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 48,630 48,434 $ S 210 S 3,376 $ 48,000 Part 2 of 9 6 points [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $ 49,813 End of Year 1 $ 3,600 $ 3,417 48,630 End of Year 2 ? ? 48,434 End of Year 3 ? 210 ? 3,376 48,000 $ 183 eBook ? ? ? End of Year 4 ? Print 2. When the bonds mature at the end of Year 4, what amount of principal will Olive pay Investors? References Principal amount Part 3 of 9 [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-Interest amortization method. The partially completed amortization schedule below pertains to the bonds: 6 points Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,600 ? ? ? eBook $ 3,417 ? ? 3,376 Balance $ 48,813 48,630 48,434 ? 48,000 $ 183 ? 210 ? Print 3. How much cash was received on the day the bonds were issued (sold)? References Cash received Part 4 of 9 [The following Information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-Interest amortization method. The partially completed amortization schedule below pertains to the bonds: 6 points Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,500 ? ? ? eBook $ 3,417 ? ? 3,376 Balance $ 48,813 48,630 48, 434 ? 48,000 $ 183 ? 210 ? Print 4. Were the bonds issued at a premlum or a discount? If so, what was the amount of the premlum or discount? References Part 5 of 9 [The following Information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: 6 points Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,600 ? ? ? eBook $ 3,417 ? ? 3,376 Balance $ 48,813 48,630 48,434 ? 48,000 $ 183 ? 210 ? Print 5. How much cash will be disbursed for Interest each perlod and in total over the life of the bonds? References Cash disbursed per period Cash disbursed in total Part 6 of 9 Required Information [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-Interest amortization method. The partially completed amortization schedule below pertains to the bonds: 6 points Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,600 ? ? ? eBook $ 3,417 ? ? 3,376 Balance $ 48,813 48,630 48,434 ? 48,000 $ 183 ? 210 ? Print 6. What is the coupon rate? (Enter your answer as a percentage rounded to 1 decimal place (l.e. 0.123 should be entered as 12.3).) References Coupon Rate % Part 7 of 9 6 points Required Information [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-Interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Balance January 1, Year 1 $ 48,813 End of Year 1 $ 3,600 $ 3,417 48,630 End of Year 2 ? 48,434 210 ? 3,376 48,000 Date $ 183 ? eBook ? ? End of Year 3 End of Year 4 ? ? ? Print References 7. What was the annual market rate of Interest on the date the bonds were issued? (Enter your answer as a percentage rounded to the nearest whole percent (I.e. 0.123 should be entered as 12).) Market rate of interest % Part 8 of 9 [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: 6 points Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 3,600 ? ? ? eBook $ 3,417 ? ? 3,376 Balance $ 48,813 48,630 48,434 ? 48,000 $ 183 ? 210 ? Print References 8. What amount of Interest expense will be reported on the Income statement for Year 2 and Year 3? (Round your final answers to nearest whole dollar amount.) Interest Expense Year 2 Year 3 Part 9 of 9 6 points [The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $ 48,813 End of Year 1 $ 3,600 $ 3,417 48,630 End of Year 2 48, 434 End of Year 3 End of Year 4 3,376 48,000 eBook ? ? ? ? ? $ 183 ? 210 ? ? Print 9. What amount will be reported on the balance sheet at the end of Year 2 and Year 3? References Bonds Payable Year 2 Year 3