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 7 percent at the time the bond was sold. The following amortization schedule pertains to the bond issued: Cash Paid January 1, Year 1 etlook December 31, Year 11 $60 60 Print December 31, Year 2 December 31, Year) Required: 1. What was the bond's issue price? Interest Expense Acetization Balance $974 $68 69 69 58 982 9 991 1,000 efences 2. Did the bond sell at a discount or a premium? How much was the premium or discount? 3. What amounts) should be shown on the balance sheet for bonds payable at the end of Year 1 and Year 2? 4. Show how the following amounts were computed for Year 2: (a) $60. (2) $69. (c) $9, and (d) $991. Complete this question by entering your answers in the tabs below. 1 Required 1 to Repaired Show how the following amounts were computed for Year 2: (a) $60, (b) $69, (c) 59, and (d) $991. (Enter percentages in decimals. Enter all amounts as positive values.). (d) $1,000 0.00 $00 $60 (rounded) $9 $ 001 Required 1 to 3 < Prev 7 of 10 Next >