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The notes to the Helpful Ltd. financial statements reported the following data on December 31, Year 1 (end of the fiscal year): EB (Click the icon to view the financial statement data.) Helpful Ltd. amortizes bond discount by the effective-interest method and pays all interest amounts at December 31 Read the requirements Requirement 1 Assume he market nterest rate on January 1 0 dollar.) ear the date is an o the bonds, S %, Ans er e ollowing questions about Hapul on term abilties: Round our answers o e nearest whole Using the PV function in Exchat s price of te bon? The issue price of the bonds is $ b, what is the maturity value of the 1% bonds? The maturity value of the 1% bonds is $ c. What is Helpful Ltd.'s annual cash interest payment on the 1% bonds? The annual cash interest payment is S d. What is the carrying amount of the 1% bonds at December 31, year 1? The carrying amount of the 1% bonds at December 31, Year 1 is $ Requirement 2. Prepare an amoztnable through December 31, Year 4 for the 1% bonds. (Round all amounts to the nearest dollar.) How much is Helpful Ltd. 's interest expense on the 1% bonds for the year ended December 31, Year 4? Begin by preparing the amortization table through December 31, Year 4 for the 1% bonds (Round your answer to the nearest whole dollar) Helpful Ltd. Choose from any list or enter any number in the input fields and then continue to the next question. 6 Requirements end of Data Table 1. Assume the market interest rate on January 1 of year 1, the date of issuance of the bonds, is 5%. Answer the following questions about Helpful Ltd.'s long-term liabilities: Note 6. Indebtedness Bonds payable, 1% due on December 31, Year 8 Less: Discount. Notes payable, 4%, payable in $50,000 annual $2,000,000 a. Using the PV function in Excel, what is the issue price of the bonds? b. What is the maturity value of the 1% bonds? c. What is Helpful Ltd.'s annual cash interest payment on the 1 % bonds? d, what is the carrying amount of the 1 % bonds at December 31, year 1? Prepare an amortization table through December 31, Year 4 for the 1% bonds. (Round all amounts to the nearest dollar.) How much is Helpful Ltd.'s interest expense on the 1% bonds for the year ended December 31, Year 4? show how Helpful Ltd. would report the 1% bonds payable and the 4% notes payable at December 31, Year 4 nearest whole 2, installments starting in Year 5 300,000 | 3, Print Done Print Done d. What is the carrying amount of the 196 bonds at December 31, year 1? The carrying amount of the 1 % bonds at December 31, Year 1 is S Requirement 2 Prepare an amortization table through December 31. Year 4 for the 1% bonds Round all amounts to the nearest dollar. How much is Helpful Ltd. s interest expense on the 1% bonds for the year ended December 31. Year 4? Begin by preparing the amortization table through December 31, Year 4 for the 196 bonds. (Round your answer to the nearest whole dollar.) Helpful Ltd. Choose from any list or enter any number in the input fields and then continue to the next question. The notes to the Helpful Ltd. financial statements reported the tollowing data on December 31, Year 1 (end of the fiscal year): EEB (Click the icon to view the financial statement data.) Helpful Ltd. amortizes bond discount by the effective-interest method and pays all interest amounts at December 31 Read the requirements. Helpful Ltd. Amortization Table Annual Interest Date Jan 1, Yr 1 Dec 31, Yr 1 Dec 31, Yr 2 Dec 31, Yr 3 Dec 31, Yr 4 Interest Interest Discount Discount Account Bond Carrying Payment Expense Balance Amount How much is Helpful Ltd's interest expense on the 1 % bonds for the year ended December 31, Year 4? Requirement 3, Show how Helpful Ltd. would report the 1% bonds payable and the 4% notes payable at December 31, Year 4. Liabilities Choose from any list or enter any number in the input fields and then continue to the next