[The following information applies to the questions displayed below.) Christmas Anytime issues $650,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Required: 1. The market interest rate is 5% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/18 06/30/18 12/31/18 2. The market interest rate is 6% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price Interest Expense Increase in Carrying Value Carrying Value Date Cash Paid 01/01/18 06/30/18 12/31/18 3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1. PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price Cash Paid Interest Decrease in Expense Carrying Value Carrying Value Date 01/01/18 06/30/18 12/31/18