how do I calculate bonds payable? Can you help me solve this problem?

Chrome File Edit View History Bookmarks People Window Help El >3 '2? 80%. SunApr23 10:18 PM Q : CengageNOWvZ | Online teac x .| u Assam Homeworkchapmr 1 x I 6 C' G)v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSessionLocator=assignmenttake&inprogress=false 1}} Chapter 10 Homework eBook Calculator Amortization 0 Discount 1. EX.1 . 0 03 Stacy Company issued ve-year, 10% bonds with a face value of $10,000 on January 1, 2016. Interest is paid annually on December 31. The 2 EX 10 08 market rate of interest on this date is 12%, and Stacy Company receives proceeds of $9,279 on the bond issuance. Use the appropriate present value table: 3. EX,10.11 PV of $1 and PV of Annuity of $1 4. PR.10.02.Guided Required: 5. PR-10-03-GUided 1. Prepare a veyear mble to amortize the discount using the effective interest method. Note: Round the 12/31/16 interest expense and discount amortized up to the nearest dollar. For all other computations, follow normal rounding to the nearest dollar. Enter all amounts as positive numbers. Stacy Company Discount Amortization Effective Interest Method of Amorh'zation Date Cash Interest 10% Interest Expense 12% Discount Amortized Carrying Value 1/01/16 12/31/ 16 ii I 12/31/17 I I 12/31/18 | 1,000 | ./ | l | l | 1i | 12/31/19 JDDBBU 12/31/20 X \\ System Preferences 'yious Nat) Progress: 415 items 59D 'ihiEIGa-QQTWA0@@ Iwmar'li