Required Information [The following information applies to the questions displayed below) On January 1 of this year, Ollve Corporation issued bonds. Interest is payable once a year on December 31, The bonds mature at the end of four years. Olive uses the effective-Interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $34,563 End of Year 1 $ 2,890 $ 2,765 $ 125 34,438 End of Year 2 7 34,303 End of Year 3 ? 146 7 End of Year 4 2,733 7 34,000 2 2 Required: 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole dollar amount.) Cash Interest $ 2,8905 2.765 Date January 1 Year 1 End of Year End of Year 2 End of Y3 End of You Amortation Balance $ 34 563 125$ 34.438 5 34 303 5 146 34,000 $ 2.733 D Required information [The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 End of Year 1 $34,563 $ 2,898 $ 2,765 $ 125 34,438 End of Year 2 7 34,303 End of Year 3 146 End of Year 4 2,733 34,000 2 ? ? 7 2 2. When the bonds mature at the end of Year 4. what amount of principal Will Olive pay investors? Principal amount Required information [The following information applies to the questions displayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $34,563 End of Year 1 $ 2,892 $ 2,765 $ 125 34,438 End of Year 2 2 ? 34,303 End of Year 3 ? 2 146 End of Year 4 7 2,733 7 34,000 2 ? 3. How much cash was received on the day the bonds were issued (sold)? Cash received Required information [The following information applies to the questions displayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds Date Cash Interest Amortization Balance January 1, Year 1 $34,563 End of Year 1 $ 2,890 $ 2,765 $ 125 34,438 End of Year 2 34,303 End of Year 3 ? End of Year 4 2,733 34,000 7 ? ? 146 ? 4. Were the bonds issued at a premium or a discount? If so, what was the amount of the premium or discount? 0 Required information [The following information applies to the questions displayed below) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds Date Cash Interest Amortization Balance January 1, Year 1 End of Year 1 $34,563 $ 2,890 $ 2,765 $ 125 34,438 End of Year 2 ? ? 7 34,323 End of Year 3 146 End of Year 4 2,733 7 34,000 ? 2 5. How much cash will be disbursed for interest each period and in total over the life of the bonds? Cash disbunned er period Cash disbursed in total O Required Information (The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Anortization Balance January 1, Year 1 $34,563 End of Year 1 $ 2,890 $ 2,765 $ 125 34,438 End of Year 2 ? 34,383 End of Year 3 146 End of Year 4 2,733 7 34,800 7 ? ? ? ? 7 6. What is the coupon rate? (Enter your answer as a percentage rounded to 1 decimal place (1.0.0.123 should be entered as 12.3)) Coupon Ratu O Required information [The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds Date Cash Interest Amortization Balance January 1, Year 1 $34,563 End of Year 1 $ 2,890 52,765 $125 34,438 End of Year 2 2 2 34,303 End of Year 3 2 146 End of Year 4 2.733 2 34,000 7 7 2 7. What was the annual market rate of interest on the date the bonds were issued? (Enter your answer as a percentage rounded to 1 decimal place tl. 0.123 should be entered as 123) Manotintorust Required information [The following information applies to the questions displayed below.) On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 End of Year 1 $34,563 $ 2,890 $ 2,765 $125 34,438 End of Year 2 ? 2 ? 34,303 End of Year 3 ? 146 7 End of Year 4 2,733 34,000 ? ? ? 8. What amount of Interest expense will be reported on the income statement for Year 2 and Year 37 (Round your final answers to nearest whole dollar amount.) Interest Expen Year 2 Year 3 D Required information [The following information applies to the questions displayed below) On January 1 of this year, Ollve Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective interest amortization method. The partially completed amortization schedule below pertains to the bonds Date Cash Interest Amortization Balance January 1, Year 1 $34,563 End of Year 1 $ 2,890 $ 2,765 $ 125 34,438 End of Year 2 2 34,383 End of Year 3 7 2 146 ? End of Year 4 2,733 ? 34,00 9. What amount will be reported on the balance sheet at the end of Year 2 and Year 37 Bonds Payable Year 2 Your