The notes to the Friendship Ltd$.$ financial statements reported the following data on December $31,$ Year $1($end of the fiscal year$)$:

$($Click the icon to view the financial statement data.$)$

Friendship amortizes bond discounts using the effective$-$interest method and pays all interest amounts at December $31.$

Read the requirements.

Requirements

Data table

Assume the market interest rate is $5\%$ on January $1$ of year $1,$ the date the bonds are issued:

a$.$ Using the PV function in Excel, what is the issue price of the bonds?

b$.$ What is the maturity value of the bonds?

c$.$ What is Friendship's annual cash interest payment on the bonds?

d$.$ What is the carrying amount of the bonds at December $31,$ year $1?$

Prepare an amortization table through December $31,$ Year $4$ for the bonds. $($Round all

Note $6.$ Indebtedness

Bonds payable, $2\%$ due on December $31,$ Year $8$

Less: Discount

Notes payable, $4\%,$ payable in $$55,000$ annual

installments starting ini Year $5$

$

$330,000$

I need help with this homework question i sent it to multiple different people that all got it wrong. Thank you. This is $1$ question with multiple parts please do every part and explain