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Pool Corporation Inc. is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the

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Pool Corporation Inc. is the world's largest wholesale distributor of swimming pool supplies and equipment. It is a publicly traded corporation that trades on the NASDAQ exchange under the symbol POOL. It sells these products to swimming pool repair and service businesses, swimming pool builders, and retail swimming pool stores. The majority of these customers are small, family-owned businesses. Assume that Pool issued bonds with a face value of $750,000,000 on January 1 of this year and that the coupon rate is 5 percent. At the time of the borrowing, the market rate of interest was 4 percent. The debt matures in 10 years. Pool pays interest on this debt on June 30 and December 31 of each year. Required: 1. What was the issue price on January 1 of this year? (Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.) issue price S 811339 2. What amounts of interest expense should be recorded on June 30 and December 31 of this year? (Do not round Intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.) June 30 December 31 This Year Next Year 162275 16,176 Interest 3. Determine the carrying amounts of the bonds on June 30 und December at of this year. (Do not round intermediate calculation Enter your answers in thousands rounded to the nearest whole thousand.) rounded to the nearest whole thousand.) Issue price $811,339 2. What amounts of interest expense should be recorded on June 30 and December 31 of this year? (Do not round intermediate calculations. Enter your answers in thousands rounded to the nearest whole thousand.) June 30 December 31 This Year Next Year $16.227 s 16.176 Interest expense 3. Determine the carrying amounts of the bonds on June 30 and December 31 of this year. (Do not round interfnediato calculations. Enter your answers in thousands rounded to the nearest whole thousand.) June 30 Dec 31 Carrying amount of bonds payable

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