Required: 1. The market interest rate is 6% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price $ 1,100,000 Required Information [The following information applies to the questions displayed below.] Date Cash Paid Interest Increase in Expense Carrying Value Carrying Value 01/01/18 $ Coney Island Entertainment issues $1,100,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. $ 06/30/18 12/31/18 33,000 33,000 1,100,000 1,100,000 1,100,000 $ 33,000 33,000 Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 2. The market interest rate is 7% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price $ 982,547 Required Information [The following information applies to the questions displayed below.] Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value Coney Island Entertainment issues $1,100,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. 01/01/18 $ 06/30/18 1 982,547 982,547 982,547 12/31/18 Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 3. The market interest rate is 5% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price $ 1,238,065 Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/18 $ 06/30/18 1,238,065 1,238,065 1,238,065 12/31/18