Question 2 On January 1, 2018, Carvel Corp. issued five-year bonds with a face value of $480,000 and a coupon interest rate of 6%, with interest payable semi-annually. (a) Your answer is correct. Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 5%. (Round answers to 0 decimal places, e.g. 5,255.) CARVEL CORP. Bond Premium Amortization On January 1, 2018 Interest Expense Premium Amortization Unamortized Premium Semi-annual Interest Periods Interest Payment Bond Carrying Amount 21005 Ga 501005 Jan. 1/18 14400 12525 1875 T 19130 July 1/18 499130 7 14400 | 14400 Jan. 1/19 t 1922 12478 17208 497208 Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 6%. (Round answers to 0 decimal places, e.g. 5,275.) CARVEL CORP. Bond Amortization On January 1, 2018 Semi-annual Interest Periods Interest Payment Interest Expense Bond Carrying Amount d 480000 Jan. 1/18 14400 July 1/18 480000 14400 14400 14400 Jan. 1/19 480000 (c) Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 7%. (Round answers to 0 decimal places, e.g. 5,255.) CARVEL CORP. Bond Discount Amortization On January 1, 2018 Interest Expense Discount Amortization Semi-annual Interest Periods Interest Payment Unamortized Discount Bond Carrying Amount Jan. 1/18 TA July 1/18 $ Jan. 1/19