Sikes Corporation, whose fiscal year ends on December 31, issued the following bonds:

Date of bonds: January 1, 2015

Maturity amount and date: $10 million due in 10 years (December 31, 2024)

Interest: 5 percent per annum payable each December 31

Date of sale: January 1, 2015

Required:

1.

Provide the following amounts to be reported on the 2015 financial statements under each of the following scenarios (use straight-line amortization). (Enter your answers in thousands of dollars.)

	Issued at Par	Issued at 96	Issued at 102
interest expense
bonds payable
Unamortized premium or discount
carry amount of bonds
stated rate of interest
cash paid for interest