Check my wO oneck mny worn Required information Required information [The following information applies to the questions displayed below.] [The following information applies to the questions displayed below.] Coney Island Entertainment issues $1,000,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Coney Island Entertainment issues $1,000,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: Required: 1. The market interest rate is 5% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) 2. The market interest rate is 6% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) Issue price 1,000,000 Issue price 2$ 902,001 Interest Change in Carrying Value Interest Expense Change in Cash Paid Carrying Value Date Expense Date Cash Paid Carrying Value Carrying Value 1,000,000 1,000,000 1/1/2021 1/1/2021 902,001 6/30/2021 25,000 6/30/2021 25,000 27,060 2,060 904,061 25,000 25,000 $ 12/31/2021 25,000 1,000,000 12/31/2021 25,000 27,121 2,122 906,182 [The following information applies to the questions displayed below.] Coney Island Entertainment issues $1,000,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when: 3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors. Round your answers to nearest whole dollar.) X Answer is not complete. Issue price X Answer is complete but not entirely correct. Change in Carrying Value Cash Interest Date Carrying Value Paid Expense 1/1/2021 1,000,000 6/30/2021 $ 25,000 20,000 2$ 5,000 1,020,000 12/31/2021 25,000 20,000 5,000 1,020,000 X