TABLE 14A.1 Present Value of 1 Due In n Periods Rato 7% Periods 1% 2% 3% 5% 6% 10% 12% 15% 1 2 3 4 9 10 11 12 13 14 15 16 17 18 19 20 25 30 35 40 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0,8929 0.8696 0.9803 0.9612 0.9426 0.9246 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.7972 0.7561 0.9706 0.9423 0.9151 0.8890 0.8638 0.8396 08163 0.7938 0.7722 0.7513 0.7118 06575 0.9610 0.9238 0.8885 0.8548 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.6355 0.5718 0.9515 0.9057 0.8626 0.8219 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.5674 0.4972 0.9420 0.8880 0.8375 0.7903 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.5066 0.4323 0.9327 0.8706 0.8131 0.7599 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.4523 0.3759 0.9235 0.8535 0.7894 0.7307 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.4039 0.3269 0.9143 08368 0.7664 0.7026 06446 0.5919 0.5439 0.5002 0.4604 0.4241 0.3606 0.2843 0.9053 0.8203 0.7441 06756 0.6139 05584 0.5083 0.4632 0.4224 0.3855 0.3220 0.2472 0.8963 0.8043 0.7224 0.6496 0.584705268 0.4751 0.4289 0.3875 03505 0.2875 0.2149 0.8874 0.7885 0.7014 0.6246 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.2567 0.1869 0.8787 0.7730068100,6006 0.5303 0.4688 0.415003677 0.3262 0.2897 0.2292 0.1625 0.8700 0.75790.66110.5775 05051 0.4423 0.3878 0.3405 0.2992 0.2633 0.2046 0.1413 0.8613 0.7430 0.64190.5553 0.4810 0.4173 0.3624 0.3152 0.274502394 0.1827 0.1229 08528 0.7284 0.6232 0.533904581 0.3936 0.3387 0.2919 02519 02176 0.1631 0.1069 08444 0.7142 0.6050 0.5134 0.4363 0.3714 0.3166 027030 2311 0.1978 0.1456 0.0929 0.8360 0.7002 0.5874 0.4936 0415503503 0.2959 0.250202120 0.1799 0.1300 0,0808 0.8277 0.6864 0.5703 0.4746 0.395703305 0.2765 0.2317 0.1945 0.1635 0 1161 00703 0.8195 0.673005537 0.4564 0.376903118 0.2584 0.2145 0.1784 01486 0.1037 0.0611 0.7798 0609504776 0.3751 0.29530.2330 0.1842 0 14600 1160 0.0923 0058800304 0.7419 0.5521 0,4120 0.3083012814 0 1741 0.1314 0.0994 0.0754 00573 00334 00151 0.7059 050000.3554 0.2534 0.1813 0.1301 0.0937 0.0676 00490 00156 00189 0.0075 06717 0.452903066 0.2083 0 1420 0.0972 0.0668 0.046000318 06221 00107 00037 . TABLE 14A.2 Present Value of an Annulty of 1 Period Rato Periods 1% 2% 3% 5% 6% 7% 8% 10% 12% 15% 1 0.9901 0.9804 0.9709 0.9615 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.8929 0.8696 2 1.9704 1.9416 1.9135 1.8861 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 1.6901 1.6257 3 2.9410 2.8839 2.8286 2.7751 2.72322.6730 2.6243 25771 2531324869 24018 22832 3.9020 3.8077 3.7171 3.6299 3.5460 3.4651 3.387233121 3.2397 3.1699 3.0373 28550 5 4.8534 4.7135 4.5797 4.4518 4.3295 4.2124 4.1002 3.9927 3.8897 3.7908 3.6048 33522 6 5.7955 5.6014 5.4172 5.2421 5.0757 4.9173 4.7665 4.62294.4859 4.3553 4.1114 3.7845 7 6.7282 6.4720 6.2303 60021 5.7864 5.5824 5.3893 5.2064 5.0330 4.8684 4.5638 4.1604 8 7.6517 7.3255 7.0197 6.7327 6.46326,2098 5.9713 5.7466 5.5348 5.3349 4.96764.4873 9 8.5660 8.1622 77861 7.4353 7.1078 6 8017 6.5152 6 2469 59952 5.7590 5.3282 4.7716 10 9.4713 8.9826 8.5302 8.1109 7.7217 73601 7.0236 6.7101 64177 6.1446 56502 50188 11 10 3676 9.7868 9.2526 8.7605 8.306478869 7.4987 7,1390 68052 6.4951 5.9377 5.2337 12 11.2551 10.5753 9.9540 9.3851 8.8633 83838 7.9427 7.5361 7.1607 6.8137 6.1944 5.4206 13 12.1337 11.3484 10.6350 9.9856 93936 8.8527 8.3577 7.90387.4869 7.1034 64235 5.5831 14 13.0037 12.1062 11.2961 10.5631 9.8986 9.2950 8.7455 8.2442 7.7862 7.3667 6.6282 5.7245 15 13.8651 128493 119379 11 1184 10.3797 9.7122 9.1079 8.5595 80607 7.6061 6.8109 58474 16 14.7179 13.5777 12.5611 11.6523 10.8378 10.1059 9.4466 88514 8 31267.8237 6.9740 5.9542 17 15.5623 14.2919 13.1661 12.1657 11 2741 10.4773 9.7632 9.1216 8.5436 8.0216 71196 6.0472 18 16.3983 14.9920 13 7535 12 6593 11.6896 108276 10.059193719 8.7556 8.2014 72497 6. 1280 19 17.2260 156785 14 3238 13.1339 12 0853 11.1581 10.3356 9.6036 89501 8.3649 7.3658 6.1982 18.0456 16.3514 14.8775 13.5903 12.4622 11 4699 10.5940 9.81819.1285 8,5136 74694 6 2593 25 22.0232 19.5235 17.4131 15 6221 14.0939 12.7834 11.6536 106748 98226 9.0770 7,8431 6.4641 30 25 8077 22 3965 196004 17 2920 15 3725 137648 12.4090 11 2578 102737 94269 80552 6.5660 35 29.4086 24 9986 21 4872 18 6646 16 3742 14.4982 129477 11 6546 10.5668 9.6442 8 1755 66166 40 32 8347 273555 23.1148 19.7928 17 1591 150463 13 3317 11 9246 10.7574 92791 82438 66418 20 Calculations Marketing Inc. Issued 8.5% bonds with a par value of $450,000 and a five-year life on January 1, 2020, for $459,125. The bonds pay interest on June 30 and December 31. The market interest rate was 8% on the original issue date. Use TABLE 14A1 and TABLE 14A 2 (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the total bond interest expense over the life of the bonds. Tontrol expense 2. Prepare an amortization table using the effective interest method. (Do not round Intermediate calculations. Round the final answers to the nearest whole dollar.) Cash Interest Paid Period Interest Expenne Premium Amort Unamortized premium Carrying Value Panod Ending Jan 1/20 June 30/20 Dec 31/20 Juno 30/21 Dec 31/21 Juno 30/22 Dec 31/22 June 30/23 Dec 31/23 June 30/24 Dec 31/24 Totals 0 0 $ 0 5 0 $ 0 3. Show the journal entries that calculations Marketing Inc. would make to record the first two interest payments assuming a December 31 year end. (Do not round intermediate calculations. Round the final answers to the nearest whole dollor.) View transaction list 1 Record the six months interest and premium amortization 2 Record the six months' interest and premium amortization Credit Note: - Journal entry has been entered Record entry Clear entry View general Journal 4. Use the original market interest rate to calculate the present value of the remaining cash flows for these bonds as of December 2022. Compare your answer with the amount shown on the amortization table as the balance for that date. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Prasont value of the temeining cash flows