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Shuttle Company issued $2,750,000, three-year, 5 percent bonds on January 1. year 1. The bond interest is paid each 5 December 31, the end of

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Shuttle Company issued $2,750,000, three-year, 5 percent bonds on January 1. year 1. The bond interest is paid each 5 December 31, the end of the company's fiscal year. The bond was sold to yleld 4 percent. Use Toble 901 Table 9C 2. (Round time value factor to 4 decimal places.) Required: 1. Complete a bond payment schedule. Use the effective interest amortization method (Make sure that the unamortized discount/premium equals to 'O' and the Net Liability equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+) discount/(-) premium amortized. Round Intermediate and final answers to the nearest whole dollar.) Bond Payment Schedule Interest Amortization Coh Payment Expenso of Premium Carrying Amount Dato 1/1/year 1 12/31/year 1 12/31/year 2 12/31/year 3

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