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Question 1 On January 1, 2021, Bramble Co. Issued ten-year bonds with a face value of $5,200,000 and a stated interest rate of 10%, payable

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Question 1 On January 1, 2021, Bramble Co. Issued ten-year bonds with a face value of $5,200,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% 0.355 Present value of 1 for 10 periods at 12 0.322 Present value of 1 for 20 periods at 5% 0.377 Present value of 1 for 20 periods at 6% 0.312 Present value of annuity for 10 periods at 10% 6.145 Present value of annuity for 10 periods at 12% 5.650 Present value of annuity for 20 periods at 5% 12.462 Present value of annuity for 20 periods at 6% 11.470 Calculate the issue price of the bonds Issue price of bond, LINE TO TEXT Without prejudice to your solution in part (a), assume that the issue price was $4,596,800. Prepare the amortization table for 2021, assuming that amortization is recorded on interest payment dates using the effective interest method Cash Expense Amortization Carrying Amount Date 1/1/18 6/30/13 12/31/18

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