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Homework: Chapter 12 - Graded Homework Save Score: 0 of 6 pts 7 of 7 (6 complete) HW Score: 70.63%, 21.19 of 30 pts P12AB-37A (similar to) Question Help Nathan Renick, Inc. issued $500,000 of 13%, five-year bonds payable on January 1, 2018. The market interest rate at the date of issuance was 12%, and the bonds pay interest semiannually. (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) (Use the factor tables provided with factors rounded to three decimal places. Round all currency amounts to the nearest dollar.) Upon issuance of the bonds payable, the company received Requirements 1. 2. How much cash did the company receive upon issuance of the bonds payable? (Round to the nearest dollar.) Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments. (Round to the nearest dollar.) Journalize the issuance of the bonds on January 1, 2018, and the first and second payments of the semiannual interest amount and amortization of the bonds on June 30, 2018, and December 31, 2018. Explanations are not required. 3. Print Done Homework: Chapter 12 - Graded Homework Save Score: 1.33 of 4 pts 5 of 7 (6 complete) HW Score: 70.63%, 21.19 of 30 pts % E12A-30 (similar to) Question Help Interest rates determine the present value of future amounts. (Round to the nearest dollar.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) Read the requirements. Requirement 1. Determine the present value of seven-year bonds payable with face value of $85,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value When market rate of interest is 14% annually $ 85,000 Requirement 2. Same bonds payable as in requirement 1, but the market interest rate is 16%. (Round intermediary calculations and final answer to the nearest whole dollar.) Present Value Requirements When market rate of interest is 16% annually 1. Determine the present value of seven-year bonds payable with face value of $85,000 and stated interest rate of 14%, paid semiannually. The market rate of interest is 14% at issuance 2. Same bonds payable as in Requirement 1, but the market interest rate is 16%. 3. Same bonds payable as in Requirement 1, but the market interest rate is 12%