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Calculations Marketing Inc issued 125% bonds with a par value of $420,000 and a five year life on January 1, 2020, for $427728 The bonds

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Calculations Marketing Inc issued 125% bonds with a par value of $420,000 and a five year life on January 1, 2020, for $427728 The bonds pay interest on June 30 and December 31. The market interest rate was 12% on the original issue date. Use TABLE 14A1 and TABLE 14A2. (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the total bond interest expense over the life of the bonds. Total interest exponse 2. Prepare an amortization table using the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Cash Interest Pald Period Interest Expense Premium Amort Unamortized premium Carrying Value Porod Ending Jan 1/20 June 30/20 Dec 31/20 June 30/21

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