Facts: Bond issue: $200,000, 5%, 5-year bonds; selling price of bonds $218,510. Market rate 3%. Calculate the

Question:

Facts: Bond issue: $200,000, 5%, 5-year bonds; selling price of bonds $218,510. Market rate 3%. Calculate the following:
a. Carrying value at beginning of period
b. Interest paid to bondholders each six months
c. Interest expense each six-month period
d. Premium to be amortized
e. Carrying value at end of period