Required information [The following information applies to the questions displayed below.] Claire Corporation is planning to issue bonds with a face value of $110,000 and a coupon rate of 6 percent. The bonds mature in two years and pay interest quarterly every March 31, June 30, September 30, and December 31 . All of the bonds were sold on January 1 of this year. Claire uses the effective-interest amortization method and also uses a discount account. Assume an annual market rate of interest of 8 percent. ( FV of $1, PV of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 3. What bonds payable amount will Claire report on this year's December 31 balance sheet? Note: Round your final answer to nearest whole dollar amount. Present Value of $1 \begin{tabular}{cccccccccc} Periods & 1.0% & 2.0% & 3.0% & 3.75% & 4.0% & 4.25% & 5.0% & 6.0% \\ \hline 1 & 0.99010 & 0.98039 & 0.97087 & 0.96386 & 0.96154 & 0.95923 & 0.95238 & 0.94340 & 0.93458 \\ 2 & 0.98030 & 0.96117 & 0.94260 & 0.92902 & 0.92456 & 0.92013 & 0.90703 & 0.89000 & 0.87344 \\ 3 & 0.97059 & 0.94232 & 0.91514 & 0.89544 & 0.88900 & 0.88262 & 0.86384 & 0.83962 & 0.81630 \\ 4 & 0.96098 & 0.92385 & 0.88849 & 0.86307 & 0.85480 & 0.84663 & 0.82270 & 0.79209 & 0.76290 \\ 5 & 0.95147 & 0.90573 & 0.86261 & 0.83188 & 0.82193 & 0.81212 & 0.78353 & 0.74726 & 0.71299 \\ 6 & 0.94205 & 0.88797 & 0.83748 & 0.80181 & 0.79031 & 0.77901 & 0.74622 & 0.70496 & 0.66634 \\ 7 & 0.93272 & 0.87056 & 0.81309 & 0.77283 & 0.75992 & 0.74725 & 0.71068 & 0.66506 & 0.62275 \\ 8 & 0.92348 & 0.85349 & 0.78941 & 0.74490 & 0.73069 & 0.71679 & 0.67684 & 0.62741 & 0.58201 \\ 9 & 0.91434 & 0.83676 & 0.76642 & 0.71797 & 0.70259 & 0.68757 & 0.64461 & 0.59190 & 0.54393 \\ 10 & 0.90529 & 0.82035 & 0.74409 & 0.69202 & 0.67556 & 0.65954 & 0.61391 \end{tabular} Present Value of $1 \begin{tabular}{cccccccccc} Periods & 1.0% & 2.0% & 3.0% & 3.75% & 4.0% & 4.25% & 5.0% & 6.0% \\ \hline 11 & 0.89632 & 0.80426 & 0.72242 & 0.66701 & 0.64958 & 0.63265 & 0.58468 & 0.52679 & 0.47509 \\ 12 & 0.88745 & 0.78849 & 0.70138 & 0.64290 & 0.62460 & 0.60686 & 0.55684 & 0.49697 & 0.44401 \\ 13 & 0.87866 & 0.77303 & 0.68095 & 0.61966 & 0.60057 & 0.58212 & 0.53032 & 0.46884 & 0.41496 \\ 14 & 0.86996 & 0.75788 & 0.66112 & 0.59726 & 0.57748 & 0.55839 & 0.50507 & 0.44230 & 0.38782 \\ 15 & 0.86135 & 0.74301 & 0.64186 & 0.57568 & 0.55526 & 0.53562 & 0.48102 & 0.41727 & 0.36245 \\ 16 & 0.85282 & 0.72845 & 0.62317 & 0.55487 & 0.53391 & 0.51379 & 0.45811 & 0.39365 & 0.33873 \\ 17 & 0.84438 & 0.71416 & 0.60502 & 0.53481 & 0.51337 & 0.49284 & 0.43630 & 0.37136 & 0.31657 \\ 18 & 0.83602 & 0.70016 & 0.58739 & 0.51548 & 0.49363 & 0.47275 & 0.41552 & 0.35034 & 0.29586 \\ 19 & 0.82774 & 0.68643 & 0.57029 & 0.49685 & 0.47464 & 0.45348 & 0.39573 & 0.33051 & 0.27651 \\ 20 & 0.81954 & 0.67297 & 0.55368 & 0.47889 & 0.45639 & 0.43499 & 0.37689 & 0.31180 & 0.25842 \\ 25 & 0.77977 & 0.60953 & 0.47761 & 0.39838 & 0.37512 & 0.35326 & 0.29530 & 0.23300 & 0.18425 \\ 30 & 0.74192 & 0.55207 & 0.41199 & 0.33140 & 0.30832 & 0.28689 & 0.23138 \end{tabular} Present Value of $1 \begin{tabular}{ccccccccccc} Periods & 8.0% & 9.0% & 10.0% & 11.0% & 12.0% & 13.0% & 14.0% & 15.0% & 20.0% & 25.0% \\ \hline 1 & 0.92593 & 0.91743 & 0.90909 & 0.90090 & 0.89286 & 0.88496 & 0.87719 & 0.86957 & 0.83333 & 0.80000 \\ 2 & 0.85734 & 0.84168 & 0.82645 & 0.81162 & 0.79719 & 0.78315 & 0.76947 & 0.75614 & 0.69444 & 0.64000 \\ 3 & 0.79383 & 0.77218 & 0.75131 & 0.73119 & 0.71178 & 0.69305 & 0.67497 & 0.65752 & 0.57870 & 0.51200 \\ 4 & 0.73503 & 0.70843 & 0.68301 & 0.65873 & 0.63552 & 0.61332 & 0.59208 & 0.57175 & 0.48225 & 0.40960 \\ 5 & 0.68058 & 0.64993 & 0.62092 & 0.59345 & 0.56743 & 0.54276 & 0.51937 & 0.49718 & 0.40188 & 0.32768 \\ 6 & 0.63017 & 0.59627 & 0.56447 & 0.53464 & 0.50663 & 0.48032 & 0.45559 & 0.43233 & 0.33490 & 0.26214 \\ 7 & 0.58349 & 0.54703 & 0.51316 & 0.48166 & 0.45235 & 0.42506 & 0.39964 & 0.37594 & 0.27908 & 0.20972 \\ 8 & 0.54027 & 0.50187 & 0.46651 & 0.43393 & 0.40388 & 0.37616 & 0.35056 & 0.32690 & 0.23257 & 0.16777 \\ 9 & 0.50025 & 0.46043 & 0.42410 & 0.39092 & 0.36061 & 0.33288 & 0.30751 & 0.28426 & 0.19381 & 0.13422 \\ 10 & 0.46319 & 0.42241 & 0.38554 & 0.35218 & 0.32197 & 0.29459 & 0.26974 & 0.24718 & 0.16151 & 0.10737 \end{tabular} Present Value of $1 Present Value of Annuity of $1 \begin{tabular}{cccccccccc} Periods & 1.0% & 2.0% & 3.0% & 3.75% & 4.0% & 4.25% & 5.0% & 5.0.0% \\ \hline 1 & 0.99010 & 0.98039 & 0.97087 & 0.96386 & 0.96154 & 0.95923 & 0.95238 & 0.94340 & 0.93458 \\ 2 & 1.97040 & 1.94156 & 1.91347 & 1.89287 & 1.88609 & 1.87936 & 1.85941 & 1.83339 & 1.80802 \\ 3 & 2.94099 & 2.88388 & 2.82861 & 2.78831 & 2.77509 & 2.76198 & 2.72325 & 2.67301 & 2.62432 \\ 4 & 3.90197 & 3.80773 & 3.71710 & 3.65138 & 3.62990 & 3.60861 & 3.54595 & 3.46511 & 3.38721 \\ 5 & 4.85343 & 4.71346 & 4.57971 & 4.48326 & 4.45182 & 4.42073 & 4.32948 & 4.21236 & 4.10020 \\ 6 & 5.79548 & 5.60143 & 5.41719 & 5.28507 & 5.24214 & 5.19974 & 5.07569 & 4.91732 & 4.76654 \\ 7 & 6.72819 & 6.47199 & 6.23028 & 6.05790 & 6.00205 & 5.94699 & 5.78637 & 5.58238 & 5.38929 \\ 8 & 7.65168 & 7.32548 & 7.01969 & 6.80280 & 6.73274 & 6.66378 & 6.46321 & 6.20979 & 5.97130 \\ 9 & 8.56602 & 8.16224 & 7.78611 & 7.52077 & 7.43533 & 7.35135 & 7.10782 & 6.80169 & 6.51523 \\ 10 & 9.47130 & 8.98259 & 8.53020 & 8.21279 & 8.11090 & 8.01089 & 7.72173 & 7.36009 & 7.02358 \end{tabular} Present Value of Annuity of $1 \begin{tabular}{crrrrrrrrrr} Periods & 1.0% & 2.0% & 3.0% & 3.75% & 4.0% & 4.25% & 5.0% & 6.0% \\ \hline 11 & 10.36763 & 9.78685 & 9.25262 & 8.87979 & 8.76048 & 8.64354 & 8.30641 & 7.88687 & 7.49867 \\ 12 & 11.25508 & 10.57534 & 9.95400 & 9.52269 & 9.38507 & 9.25039 & 8.86325 & 8.38384 & 7.94269 \\ 13 & 12.13374 & 11.34837 & 10.63496 & 10.14236 & 9.98565 & 9.83251 & 9.39357 & 8.85268 & 8.35765 \\ 14 & 13.00370 & 12.10625 & 11.29607 & 10.73962 & 10.56312 & 10.39090 & 9.89864 & 9.29498 & 8.74547 \\ 15 & 13.86505 & 12.84926 & 11.93794 & 11.31530 & 11.11839 & 10.92652 & 10.37966 & 9.71225 & 9.10791 \\ 16 & 14.71787 & 13.57771 & 12.56110 & 11.87017 & 11.65230 & 11.44031 & 10.83777 & 10.10590 & 9.44665 \\ 17 & 15.56225 & 14.29187 & 13.16612 & 12.40498 & 12.16567 & 11.93315 & 11.27407 & 10.47726 & 9.76322 \\ 18 & 16.39827 & 14.99203 & 13.75351 & 12.92046 & 12.65930 & 12.40590 & 11.68959 & 10.82760 & 10.05909 \\ 19 & 17.22601 & 15.67846 & 14.32380 & 13.41731 & 13.13394 & 12.85938 & 12.08532 & 11.15812 & 10.33560 \\ 20 & 18.04555 & 16.35143 & 14.87747 & 13.89620 & 13.59033 & 13.29437 & 12.46221 & 11.46992 & 10.59401 \\ 25 & 22.02316 & 19.52346 & 17.41315 & 16.04320 & 15.62208 & 15.21734 & 14.09394 & 12.78336 & 11.65358 \\ 30 & 25.80771 & 22.39646 & 19.60044 & 17.82925 & 17.29203 & 16.77902 & 15.37245 & 13.76483 & 12.40904 \end{tabular} Present Value of Annuity of $1 Present Value of Annuity of $1