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The notes to the Neighborhood Lid financial statements reported the following data on December 31, Year 1 (end of the fiscal year): (Click the icon

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The notes to the Neighborhood Lid 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) Neighborhood amortizes bond discounts using the effective-interest method and pays all interest amounts at December 31. Rear the renuirements Requirement 1. Assume the market interest rate is 6% on January t of year 1 , the date the bonds are issued (Round your answers to the nearest whole dollar.) a. Using the PV function in Excet, what is the issue price of the bonds? The issue price of the bonds is 1. Assume the market interest rate is 6% 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 Neighborhood's annual cash interest payment on the bonds? d. What is the carrying amount of the bonds at December 31 , year 1 ? 2. Prepare an amortization table through December 31 . Year 4 for the bonds. (Round all amounts to the nearest dollar.) How much is Neighborhood's interest expense on the bonds for the year ended December 31, Year 4 ? 3. Show how Neighborhood would report these bonds and notes at December 31 , Year 4

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