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Please show work so I can understand. Thank you ina Financial Statement Balance with the Effeetive-Interest Amortization ofs ete Bond Discount n issued $10,000,000, 6.5

Please show work so I can understand. Thank you image text in transcribed
ina Financial Statement Balance with the Effeetive-Interest Amortization ofs ete Bond Discount n issued $10,000,000, 6.5 percent bonds dated April 1,2018. The market rate of percent, with interest paid each March 31. The bonds mature in three years, on 31, 2021. Eagle's fiscal year ends on December 3 Required: 1. What was the issue price of these bonds? 2. Compute the bond interest expense for fiscal year 2018. The compang uses the effective-interest method of amortization 4. What amount of interest expense will be recorded on March 31, 2019? Is this amount different fronm the amount of cash that is paid? If so, why

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