UAWN On Jan 1, 2016, IZHEL issued a $100,000, 9% (payable annually), 5-year, bond. On Jan 1, 2016, the market rate was 11%. Date Cash Paid Int. Expense Dis Amort. Carrying Value 1-Jan-16 S - S 92,608 1-Jan-17 9,000 10,187 1,187 93,795 1-Jan-18 9,000 10,317 1-Jan-19 9,000 1-Jan-20 9,000 1-Jan-21 9,000 pv =? pmt= fy= S $ S 11% (92,608) 9,000 100,000 14 15 16 1. For how much the bond was issued on Jan 1, 2016? 2. What was the carrying value of the bonds on December 31, 2018? 3. What was the total interest expense for the year ended on December 31, 2019? 4. What was the unamortized premium (discount) at December 31, 2017? 5. What was the carrying value of the bonds on December 31, 2019? 6. If the bond was purchased on Jan 1, 2018 at 98 of face value, what was the gain (loss) on the acquisition of the bond? 18 19 20 21