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please help asap. thank you !! Chilliwack Manufacturing Inc. has outstanding $220,000 of 6% debenture bonds. The bonds were issued at 105 in 20x and

please help asap. thank you !! image text in transcribed
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Chilliwack Manufacturing Inc. has outstanding $220,000 of 6% debenture bonds. The bonds were issued at 105 in 20x and mature in 20 years. Requirement 1. How much cash did Chilliwack receive when it issued these bonds? How much cash did Chiliwack receive when it issued these bonds? Requirement 2. How much cash in total will Chilliwack pay the bondholders through the maturity date of the bonds? How much cash in total will Chilliwack pay the bondholders through the maturity date of the bonds? Requirement 3. Take the difference between your answers to requirements 1 and 2. This difference represents Chilliwack's total interest expense over the life of the bonds. What is the difference between your answers to requirements 1 and 2? Requirement 4. Compute Chilliwack's annual interest expense by the straight-line amortization method. Multiply this amount by 20. Your 20-year total should be the same as your answer to requirement 3. What is Chilliwack's annual interest expense by the straight-line amortization method? What is this amount multiplied by 20 ? Required 1. How much cash did Chilliwack receive when it issued these bonds? 2. How much cash in total will Chilliwack pay the bondholders through the maturity date of the bonds? 3. Take the difference between your answers to requirements 1 and 2. This difference represents Chilliwack's total interest expense over the life of the bonds. 4. Compute Chilliwack's annual interest expense by the straight-line amortization method. Multiply this amount by 20 . Your 20 -year total should be the same as your answer to requirement 3. hat is this amount multiplied by 20

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