Randy Corp. Issued $$200,000$ of $7\mathrm{.}6\%($payable each $28$ February and $31$ August$),4-$year bonds. The bonds were dated $1$ March $20x4.$

and mature on $28$ February $208.$ The bonds were issued $($to yleld $8\%)$ on $30$ September $204,$ for approprlate proceeds plus accrued

interest. The accounting perlod ends on $31$ December.

Required:

Calculate the present value of the bond first assuming that it was issued on an Interest date, $1$ March $20$X$4.($Round time value factor

to $5$ decimal places. Do not round intermediate calculations.$)$

Present value of the bond

Prepare an amortization schedule using the effectlve Interest method of amortization. $($Round time value factor to $5$ decimal

places. Round intermedlate calculations to the nearest whole dollar amount.$)$