Berj Corporation issued bonds and received cash in full for the issue price. The bonds were...

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Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1. Interest is payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partially completed (amounts in thousands): Interest Carrying Cash Paid Expense Amortization Amount January 1, year 1 $4,876 December 31, year 1 $504 $488 $16 4,860 December 31, year 2 504 ? ? 4,842 December 31, year 3 December 31, year 4 504 ? ? ? 504 ? ? 4,800 4. What was the amount of discount or premium on the bond? (Enter your answer in thousands of dollars.) Premium 5. How much cash will be disbursed for interest each period and in total for the full life of the bond issue? (Enter your answer in thousands of dollars.) Cash disbursed 7. What is the coupon rate? (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) Coupon rate of interest % 8. What is the market interest rate on the date of issuance of the bonds? (Round percentage answer to the nearest whole number.) Effective rate of interest % 9. What amount of interest expense should be reported on the statement of earnings each year? (Enter your answers in thousands of dollars.) Year Interest Expense Year 1 Year 2 Year 3 Year 4 10. Show how the bonds should be reported on the statement of financial position at the end of each year (show the last year immediately before repayment of the bonds). (Enter your answers in thousands of dollars.) Year 1 Year 2 Year 3 Year 4 Net liability $ 0 $ 0 $ 0 $ 0 Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1. Interest is payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partially completed (amounts in thousands): Interest Carrying Cash Paid Expense Amortization Amount January 1, year 1 $4,876 December 31, year 1 $504 $488 $16 4,860 December 31, year 2 504 ? ? 4,842 December 31, year 3 December 31, year 4 504 ? ? ? 504 ? ? 4,800 4. What was the amount of discount or premium on the bond? (Enter your answer in thousands of dollars.) Premium 5. How much cash will be disbursed for interest each period and in total for the full life of the bond issue? (Enter your answer in thousands of dollars.) Cash disbursed 7. What is the coupon rate? (Round percentage answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) Coupon rate of interest % 8. What is the market interest rate on the date of issuance of the bonds? (Round percentage answer to the nearest whole number.) Effective rate of interest % 9. What amount of interest expense should be reported on the statement of earnings each year? (Enter your answers in thousands of dollars.) Year Interest Expense Year 1 Year 2 Year 3 Year 4 10. Show how the bonds should be reported on the statement of financial position at the end of each year (show the last year immediately before repayment of the bonds). (Enter your answers in thousands of dollars.) Year 1 Year 2 Year 3 Year 4 Net liability $ 0 $ 0 $ 0 $ 0