Santa Corporation issued a bond on January $1$ of this year with a face value of $$1,000.$ The bond's coupon rate is $6$ percent and

interest is paid once a year on December $31.$ The bond matures in three years. The annual market rate of interest was $8$ percent at the

time the bond was sold. The following amortization schedule pertains to the bond issued:

Required:

What was the bond's issue price?

Did the bond sell at a discount or a premium? How much was the premium or discount?

What amount$($s$)$ should be shown on the balance sheet for bonds payable at the end of Year $1$ and Year $2?$

Show how the following amounts were computed for Year $2$: $($a$)$ $$60,($b$)$ $$77,($c$)$ $$17,$ and $($c$)$ $$981.$

Complete this question by entering your answers in the tabs below.

Required $1$ to

$3$

Required $4$

What was the bond's issue price?

Did the bond sell at a discount or a premium? How much was the premium or discount?

What amount$($s$)$ should be shown on the balance sheet for bonds payable at the end of Year $1$ and Year $2?$ Complete this question by entering your answers in the tabs below.

Required $1$ to

$3$

Required $4$

Show how the following amounts were computed for Year $2$: $($a$)$ $$60,(b)$$$77,(c)$$$17,$ and $($d$)$ $$981.($Enter all amounts as

positive values. Enter percentages in decimals.$)$