Time left 3:55:40 Question 1 Not yet answered Marked out of 26.00 Flag question Analyzing and Reporting Financial Statement Effects of Bond Transactions On January 1 of the current year, Trueman Corporation issued $600,000 of 20-year, 11% bonds for $554,861, yielding a market (yield) rate of 12%. Interest is payable semiannually on June 30 and December 31. (a) Confirm the bond issue price. Round answers to the nearest whole number. Present value of principal repayment s 58333 Present value of interest payments $ 496,528 Selling price of bonds $554,861 (b) Indicate the financial statement effects using the template for (1) bond issuance, (2) semiannual interest payment and discount amortization on June 30, and (3) semiannual interest payment and discount amortization on December 31 of the current year. Round answers to the nearest whole number. Use negative signs with answers, when appropriate. Balance Sheet Transaction Cash Asset + Noncash Assets Liabilities. Contributed Capital Earned Capital Revenue (1) (2) (3) Save Answers Income Statement Net Expenses Income Next O