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

The annual cash interest payment is

$$,60,000$

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

The carrying amount of the bonds at December $31,$ Year $1$ is

$ $4,325,286$

December $31,$ Year $4?$

Begin by preparing the amortization table through December $31,$ Year $4$ for the bonds. $($Round your answer to the nearest $w$

Data table

Note $6.$ Indebtedness

Bonds payable, $1\%$ due on December $31,$ Year $8$

Less: Discount

Notes payable, $6\%,$ payable in $$65,000$ annual installments starting in Year $5$

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