Table 9C.1 Present Value of $1, p = 1/(1 + i)" Periods 1 2 5 13 15 16 18 19 20 30 40 50 Periods 1.5% 1.75% 2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 0.9852 0.9828 0.9804 0.9780 0.9756 0.9732 0.9709 0.9685 0.9662 0.9707 0.9659 0.9612 0.9565 0.9518 0.9472 0.9426 0.9380 0.9335 0.9563 0.9493 0.9423 0.9354 0.9286 0.9218 0.9151 0.9085 0.9019 0.9422 0.9330 0.9238 0.9148 0.9060 0.8972 0.8885 0.8799 0.8714 0.9283 0.9169 0.9057 0.8947 0.8839 0.8732 0.8625 0.8522 0.8420 0.9145 0.9011 0.8880 0.8750 0.8623 0.8498 0.8375 0.8254 0.8135 0.9010 0.8856 0.8706 0.8558 0.8413 0.8270 0.8131 0.7994 0.7860 0.8877 0.8704 0.8535 0.8369 0.8207 0.8049 0.7894 0.7742 0.7594 0.8746 0.8554 0.8368 0.8185 0.8007 0.7834 0.7664 0.7499 0.7337 0.8617 0.8407 0.8203 0.8005 0.7812 0.7624 0.7441 0.7263 0.7089 0.8489 0.8263 0.8043 0.7829 0.7621 0.7420 0.7224 0.7034 0.6849 0.8364 0.8121 0.7885 0.7657 0.7436 0.7221 0.7014 0.6813 0.6618 0.8240 0.7981 0.7730 0.7488 0.7254 0.7028 0.6810 0.6598 0.6394 0.8118 0.7844 0.7579 0.7323 0.7077 0.6840 0.6611 0.6391 0.6178 0.7999 0.7709 0.7430 0.7162 0.6905 0.6657 0.6419 0.6189 0.5969 0.7880 0.7576 0.7284 0.7005 0.6736 0.6479 0.62320.5995 0.5767 0.7764 0.7446 0.7142 0.6851 0.6572 0.6305 0.6050 0.5806 0.5572 0.7649 0.7318 0.7002 0.6700 0.6412 0.6137 0.5874 0.5623 0.5384 0.7536 0.7192 0.6864 0.6552 0.6255 0.5972 0.5703 0.5446 0.5202 0.7425 0.7068 0.6730 0.6408 0.6103 0.5813 0.5537 0.5275 0.5026 0.6398 0.5942 0.5521 0.5130 0.4767 0.4431 0.4120 0.3831 0.3563 0.5513 0.4996 0,4529 0.4106 0.3724 0.3379 0.3066 0.2782 0.2526 0.4750 0.4200 0.3715 0.3287 0.2909 0.2576 0.2281 0.2021 0.1791 3.75% 4% 4.5% 5% 6% 7% 8% 9% 10% 0.9639 0.9615 0.9569 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9290 0.9246 0.9157 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.8954 0.8890 0.8763 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.8631 0.8548 0.8386 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.8319 0.8219 0.8025 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.8018 0.7903 0.7679 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.7728 0.7599 0.7348 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.7449 0.7307 0.7032 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.7180 0.7026 0.6729 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 0.6920 0.6756 0.6439 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.6670 0.6496 0.6162 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 0.6429 0.6246 0.5897 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.6197 0.6006 0.5643 0.5303 0.4688 0.4 150 0.3677 0.3262 0.2897 0.5973 0.5775 0.5400 0.5051 0.4423 0.3878 0.3405 0.2992 0.2633 0.5757 0.5553 0.5167 0.4810 0.4173 0.3624 0.3152 0.2745 0.2394 0.5549 0.5339 0.4945 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 0.5348 0.5134 0.4732 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.5155 0.4936 0.4528 0.4155 0.3503 0.2959 0.2502 0.2120 0.1799 .4969 0.4746 0.4333 0.3957 0.3305 0.2765 0.2317 0.1945 0.1635 0.4789 0.4564 0.4146 0.3769 0.3118 0.2584 0.2145 0.1784 0.1486 0.3314 0.3083 0.2670 0.2314 0.1741 0.1314 0.0994 0.0754 0.0573 0.2293 0.2083 0.1719 0.1420 0.0972 0.0668 0.0460 0.0318 0.0221 0.1587 0.1407 0.1107 0.0172 0.0543 0.0339 0.0213 0.0134 0.0085 8 13 16 17 0 18 19 20 30 50 Shuttle Company issued $1,500,000, three-year, 8 percent bonds on January 1, 2017. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 7 percent. Use Table 9C.1, Table 9C.2 (Round time value factor to 4 decimal places.) Required: 1. Complete a bond payment schedule. Use the effective-interest 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 Cash Interest Amortization Payment Expense of Premium Date Carrying Amount 1/1/2017 12/31/2017 12/31/2018 12/31/2019 | 2. What amounts will be reported on the financial statements (statement of financial position, statement of earnings, and statement of cash flows) for 2017, 2018, and 2019? (Round intermediate and final answers to the nearest whole dollar.) 2017 2018 2019 Interest expense Bonds payable Interest payment Issuance of bonds Payment of bonds Table 9.2 Present Value of Annuity of $1. p = [1 - 1/1 + Vi Periods 1.5% 75% 2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 1 0 .9852 0.9828 0.9804 0.9780 0.9756 0.9732 0.9709 0.9685 0.9662 2 1955 19487 1.9416 1.9345 1.9274 1.9204 19135 1.9066 1.8997 29122 2.8980 28839 2.8699 28560 2.8423 28286 2,8151 2.8016 3.8544 3.8309 3.8077 3.7847 3.7620 3.7394 3.7171 3.6050 3.6731 4.7826 4.7479 4.7135 4.6795 4.5458 4.6126 4.5797 4.5472 4.5151 5.6972 5.6490 5.6014 5.5545 5.5081 5.4624 5.4172 5.3726 5.3286 6.5082 6.5346 6.4720 6.4102 6.3494 6.2894 6.2303 6.1720 6.1145 7.4850 7.4051 73255 7.2472 7.1701 7.0043 70197 6.9462 6.8740 8.3805 8.2605 8.1522 8.0657 79709 7.8777 7.78617.69617.6077 9.2222 9.1012 8.9826 8.8862 8.7521 8.6401 8.5302 8.4224 8.3166 10.0711 9.9275 9.7368 9.6491 9.5142 9.3821 9.2526 9.1258 9.0016 10.9075 10.7395 10.5753 10.4148 10.2578 10.1042 9.9540 9.8071 9.6633 11.7315 11.5376 11.3434 11.1636 10.9832 10.8070 10.6350 10.4569 10.3027 12.5434 12.3220 12.1952 11.8959 11.5909 11.4910 11.2961 11.1050 10.9205 15 13.3432 13.0929 12.8493 12.6122 12.3814 12.1567 11.9379 11.7240 11.5174 16 14.1913 13.8506 13.5777 13.3126 13.0550 12.8046 12.5611 12.3244 12.0041 17 14.9076 14.5951 14.2919 13.9977 13.7122 13.4351 13.1661 12,9049 12.6513 18 15.6726 15.3269 14.9920 14.6677 14.3534 14.0488 13.7535 13,4673 13.1897 19 16.4262 16.0461 15.6785 15.3229 14.9789 14.6460 14.3238 14.0119 13.7008 20 17.1686 16.7529 16.3514 15.9637 15.5892 15.2273 14.8775 14.5393 14.2124 30 24.0158 23.1858 22.3965 21.5453 20.9303 20.2493 19.6004 18.9819 18.3920 40 29.9158 28.5942 27.3555 28.1935 25. 1028 24.0781 23.1148 22.2064 21.3551 50 34.9997 33.1412 31.4236 29.8344 28.3623 28.9972 25.7298 24.5518 23.4556 Periods' 3.75% 4% 4.5% 5% 6% 7% 8% 9% 10% 1 0.9639 0.9615 0.9569 0.9524 0.9434 0.9346 0.9250 0.9174 0.0001 1.8929 1.836 1.8727 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 3 2.7833 2.7751 2.7490 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 3.6514 3.6299 3.5875 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 4.4833 4.4518 4.3000 4.3295 42124 4.1002 3.9927 3.8897 3.7908 5.2851 5.2421 5.1579 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 6.0579 6.0021 5.8927 5.7854 5.5824 5.3893 5.2064 5.0330 4.8684 6.8028 6.7327 6.595 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 7.5208 7.4353 72588 7.1078 6.8017 6.5152 6.2460 5.9952 5.7500 8.2128 8.1109 7.9127 7.7217 73601 7.0236 6.7101 6.4177 6.1446 8.8798 8.7605 8.5289 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 12 9 .52279.3851 9.1186 8.8633 8.3838 7.9427 7.5361 7.1607 6.8137 13 10.1424 9.9856 9.6829 9.3936 8.8527 8.3577 79038 74869 7.1034 14 10.7396 10.5631 10.2228 9.8986 9.2950 8.7455 82442 7.786273667 11.3153 11.1184 10.7395 10.3797 9.7122 9. 1079 85595 8.0607 7.6061 11.8702 11.6523 11.2340 10.8378 10.1050 9.4466 8.8514 8.3126 7.8237 12.4050 12.1657 11.7072 112741 10.4773 9.7632 9.1216 8.5436 8.0216 18 12.9205 126593 12.1500 11.6896 10.8276 10.0591 9.3719 8.7556 8.2014 19 13.4173 13.1339 12.5933 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 20 13,8962 13.5903 13.0079 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 30 17.8292 17.2920 16.2889 15.3725 13.7648 12.4090 11.2578 10.2737 9.4269 40 20.5510 19.7928 18.4016 17.1591 15.0463 13,3317 11.9246 10.7574 9.7791 50 22.4345 21.4822 19.7520 18.2559 15.7619 13.8007 122335 10.9617 9.9148 "There is one payment each period, 15 Table 9C.1 Present Value of $1, p = 1/(1 + i)" Periods 1 2 5 13 15 16 18 19 20 30 40 50 Periods 1.5% 1.75% 2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 0.9852 0.9828 0.9804 0.9780 0.9756 0.9732 0.9709 0.9685 0.9662 0.9707 0.9659 0.9612 0.9565 0.9518 0.9472 0.9426 0.9380 0.9335 0.9563 0.9493 0.9423 0.9354 0.9286 0.9218 0.9151 0.9085 0.9019 0.9422 0.9330 0.9238 0.9148 0.9060 0.8972 0.8885 0.8799 0.8714 0.9283 0.9169 0.9057 0.8947 0.8839 0.8732 0.8625 0.8522 0.8420 0.9145 0.9011 0.8880 0.8750 0.8623 0.8498 0.8375 0.8254 0.8135 0.9010 0.8856 0.8706 0.8558 0.8413 0.8270 0.8131 0.7994 0.7860 0.8877 0.8704 0.8535 0.8369 0.8207 0.8049 0.7894 0.7742 0.7594 0.8746 0.8554 0.8368 0.8185 0.8007 0.7834 0.7664 0.7499 0.7337 0.8617 0.8407 0.8203 0.8005 0.7812 0.7624 0.7441 0.7263 0.7089 0.8489 0.8263 0.8043 0.7829 0.7621 0.7420 0.7224 0.7034 0.6849 0.8364 0.8121 0.7885 0.7657 0.7436 0.7221 0.7014 0.6813 0.6618 0.8240 0.7981 0.7730 0.7488 0.7254 0.7028 0.6810 0.6598 0.6394 0.8118 0.7844 0.7579 0.7323 0.7077 0.6840 0.6611 0.6391 0.6178 0.7999 0.7709 0.7430 0.7162 0.6905 0.6657 0.6419 0.6189 0.5969 0.7880 0.7576 0.7284 0.7005 0.6736 0.6479 0.62320.5995 0.5767 0.7764 0.7446 0.7142 0.6851 0.6572 0.6305 0.6050 0.5806 0.5572 0.7649 0.7318 0.7002 0.6700 0.6412 0.6137 0.5874 0.5623 0.5384 0.7536 0.7192 0.6864 0.6552 0.6255 0.5972 0.5703 0.5446 0.5202 0.7425 0.7068 0.6730 0.6408 0.6103 0.5813 0.5537 0.5275 0.5026 0.6398 0.5942 0.5521 0.5130 0.4767 0.4431 0.4120 0.3831 0.3563 0.5513 0.4996 0,4529 0.4106 0.3724 0.3379 0.3066 0.2782 0.2526 0.4750 0.4200 0.3715 0.3287 0.2909 0.2576 0.2281 0.2021 0.1791 3.75% 4% 4.5% 5% 6% 7% 8% 9% 10% 0.9639 0.9615 0.9569 0.9524 0.9434 0.9346 0.9259 0.9174 0.9091 0.9290 0.9246 0.9157 0.9070 0.8900 0.8734 0.8573 0.8417 0.8264 0.8954 0.8890 0.8763 0.8638 0.8396 0.8163 0.7938 0.7722 0.7513 0.8631 0.8548 0.8386 0.8227 0.7921 0.7629 0.7350 0.7084 0.6830 0.8319 0.8219 0.8025 0.7835 0.7473 0.7130 0.6806 0.6499 0.6209 0.8018 0.7903 0.7679 0.7462 0.7050 0.6663 0.6302 0.5963 0.5645 0.7728 0.7599 0.7348 0.7107 0.6651 0.6227 0.5835 0.5470 0.5132 0.7449 0.7307 0.7032 0.6768 0.6274 0.5820 0.5403 0.5019 0.4665 0.7180 0.7026 0.6729 0.6446 0.5919 0.5439 0.5002 0.4604 0.4241 0.6920 0.6756 0.6439 0.6139 0.5584 0.5083 0.4632 0.4224 0.3855 0.6670 0.6496 0.6162 0.5847 0.5268 0.4751 0.4289 0.3875 0.3505 0.6429 0.6246 0.5897 0.5568 0.4970 0.4440 0.3971 0.3555 0.3186 0.6197 0.6006 0.5643 0.5303 0.4688 0.4 150 0.3677 0.3262 0.2897 0.5973 0.5775 0.5400 0.5051 0.4423 0.3878 0.3405 0.2992 0.2633 0.5757 0.5553 0.5167 0.4810 0.4173 0.3624 0.3152 0.2745 0.2394 0.5549 0.5339 0.4945 0.4581 0.3936 0.3387 0.2919 0.2519 0.2176 0.5348 0.5134 0.4732 0.4363 0.3714 0.3166 0.2703 0.2311 0.1978 0.5155 0.4936 0.4528 0.4155 0.3503 0.2959 0.2502 0.2120 0.1799 .4969 0.4746 0.4333 0.3957 0.3305 0.2765 0.2317 0.1945 0.1635 0.4789 0.4564 0.4146 0.3769 0.3118 0.2584 0.2145 0.1784 0.1486 0.3314 0.3083 0.2670 0.2314 0.1741 0.1314 0.0994 0.0754 0.0573 0.2293 0.2083 0.1719 0.1420 0.0972 0.0668 0.0460 0.0318 0.0221 0.1587 0.1407 0.1107 0.0172 0.0543 0.0339 0.0213 0.0134 0.0085 8 13 16 17 0 18 19 20 30 50 Shuttle Company issued $1,500,000, three-year, 8 percent bonds on January 1, 2017. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 7 percent. Use Table 9C.1, Table 9C.2 (Round time value factor to 4 decimal places.) Required: 1. Complete a bond payment schedule. Use the effective-interest 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 Cash Interest Amortization Payment Expense of Premium Date Carrying Amount 1/1/2017 12/31/2017 12/31/2018 12/31/2019 | 2. What amounts will be reported on the financial statements (statement of financial position, statement of earnings, and statement of cash flows) for 2017, 2018, and 2019? (Round intermediate and final answers to the nearest whole dollar.) 2017 2018 2019 Interest expense Bonds payable Interest payment Issuance of bonds Payment of bonds Table 9.2 Present Value of Annuity of $1. p = [1 - 1/1 + Vi Periods 1.5% 75% 2% 2.25% 2.5% 2.75% 3% 3.25% 3.5% 1 0 .9852 0.9828 0.9804 0.9780 0.9756 0.9732 0.9709 0.9685 0.9662 2 1955 19487 1.9416 1.9345 1.9274 1.9204 19135 1.9066 1.8997 29122 2.8980 28839 2.8699 28560 2.8423 28286 2,8151 2.8016 3.8544 3.8309 3.8077 3.7847 3.7620 3.7394 3.7171 3.6050 3.6731 4.7826 4.7479 4.7135 4.6795 4.5458 4.6126 4.5797 4.5472 4.5151 5.6972 5.6490 5.6014 5.5545 5.5081 5.4624 5.4172 5.3726 5.3286 6.5082 6.5346 6.4720 6.4102 6.3494 6.2894 6.2303 6.1720 6.1145 7.4850 7.4051 73255 7.2472 7.1701 7.0043 70197 6.9462 6.8740 8.3805 8.2605 8.1522 8.0657 79709 7.8777 7.78617.69617.6077 9.2222 9.1012 8.9826 8.8862 8.7521 8.6401 8.5302 8.4224 8.3166 10.0711 9.9275 9.7368 9.6491 9.5142 9.3821 9.2526 9.1258 9.0016 10.9075 10.7395 10.5753 10.4148 10.2578 10.1042 9.9540 9.8071 9.6633 11.7315 11.5376 11.3434 11.1636 10.9832 10.8070 10.6350 10.4569 10.3027 12.5434 12.3220 12.1952 11.8959 11.5909 11.4910 11.2961 11.1050 10.9205 15 13.3432 13.0929 12.8493 12.6122 12.3814 12.1567 11.9379 11.7240 11.5174 16 14.1913 13.8506 13.5777 13.3126 13.0550 12.8046 12.5611 12.3244 12.0041 17 14.9076 14.5951 14.2919 13.9977 13.7122 13.4351 13.1661 12,9049 12.6513 18 15.6726 15.3269 14.9920 14.6677 14.3534 14.0488 13.7535 13,4673 13.1897 19 16.4262 16.0461 15.6785 15.3229 14.9789 14.6460 14.3238 14.0119 13.7008 20 17.1686 16.7529 16.3514 15.9637 15.5892 15.2273 14.8775 14.5393 14.2124 30 24.0158 23.1858 22.3965 21.5453 20.9303 20.2493 19.6004 18.9819 18.3920 40 29.9158 28.5942 27.3555 28.1935 25. 1028 24.0781 23.1148 22.2064 21.3551 50 34.9997 33.1412 31.4236 29.8344 28.3623 28.9972 25.7298 24.5518 23.4556 Periods' 3.75% 4% 4.5% 5% 6% 7% 8% 9% 10% 1 0.9639 0.9615 0.9569 0.9524 0.9434 0.9346 0.9250 0.9174 0.0001 1.8929 1.836 1.8727 1.8594 1.8334 1.8080 1.7833 1.7591 1.7355 3 2.7833 2.7751 2.7490 2.7232 2.6730 2.6243 2.5771 2.5313 2.4869 3.6514 3.6299 3.5875 3.5460 3.4651 3.3872 3.3121 3.2397 3.1699 4.4833 4.4518 4.3000 4.3295 42124 4.1002 3.9927 3.8897 3.7908 5.2851 5.2421 5.1579 5.0757 4.9173 4.7665 4.6229 4.4859 4.3553 6.0579 6.0021 5.8927 5.7854 5.5824 5.3893 5.2064 5.0330 4.8684 6.8028 6.7327 6.595 6.4632 6.2098 5.9713 5.7466 5.5348 5.3349 7.5208 7.4353 72588 7.1078 6.8017 6.5152 6.2460 5.9952 5.7500 8.2128 8.1109 7.9127 7.7217 73601 7.0236 6.7101 6.4177 6.1446 8.8798 8.7605 8.5289 8.3064 7.8869 7.4987 7.1390 6.8052 6.4951 12 9 .52279.3851 9.1186 8.8633 8.3838 7.9427 7.5361 7.1607 6.8137 13 10.1424 9.9856 9.6829 9.3936 8.8527 8.3577 79038 74869 7.1034 14 10.7396 10.5631 10.2228 9.8986 9.2950 8.7455 82442 7.786273667 11.3153 11.1184 10.7395 10.3797 9.7122 9. 1079 85595 8.0607 7.6061 11.8702 11.6523 11.2340 10.8378 10.1050 9.4466 8.8514 8.3126 7.8237 12.4050 12.1657 11.7072 112741 10.4773 9.7632 9.1216 8.5436 8.0216 18 12.9205 126593 12.1500 11.6896 10.8276 10.0591 9.3719 8.7556 8.2014 19 13.4173 13.1339 12.5933 12.0853 11.1581 10.3356 9.6036 8.9501 8.3649 20 13,8962 13.5903 13.0079 12.4622 11.4699 10.5940 9.8181 9.1285 8.5136 30 17.8292 17.2920 16.2889 15.3725 13.7648 12.4090 11.2578 10.2737 9.4269 40 20.5510 19.7928 18.4016 17.1591 15.0463 13,3317 11.9246 10.7574 9.7791 50 22.4345 21.4822 19.7520 18.2559 15.7619 13.8007 122335 10.9617 9.9148 "There is one payment each period, 15