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When the bonds mature at the end of Year 4, what amount of principle will Olive pay investors? How much cash was received on the

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When the bonds mature at the end of Year 4, what amount of principle will Olive pay investors?

How much cash was received on the day the bonds were issued (sold)?

Were the bonds issued at a premium or a discount? If so, what was the amount of the premium or discount?

How much cash will be disbursed for interest each period and in total over the life of the bonds?

What is the coupon rate?

What was the annual market rate of interest on the date the bonds were issued?

What amount of interest expense will be reported on the income statement for Year 2 and 3?

Required information (The following information applies to the questions displayed below.] On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Cash Interest Amortization Date January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $ 4,544 ? ? ? $ 4,296 ? ? 4,244 $ 248 ? 282 ? Balance $ 65,094 64,846 64,582 ? 64,000 Required: 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole dollar amount.) Date Cash Interest Amortization Balance Required: 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole doll Date Cash Interest Amortization Balance $ January 1, Year 1 End of Year 1 4,544 $ 4,296 $ 248 65,094 64,846 64,582 End of Year 2 End of Year 3 $ 282 End of Year 4 $ 4,244 $ 64,000

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