Question: Is not 3393779, PLEASE do it correctly The notes to the Mann Ltd. financial statements reported the following data on December 31 , Year 1

Is not 3393779, PLEASE do it correctly Is not 3393779, PLEASE do it correctly The notes to the

The notes to the Mann Ltd. financial statements reported the following data on December 31 , Year 1 (end of the fiscal year): (Click the icon to view the financial statement data.) Mann amortizes bond discounts using the effective-interest method and pays all interest amounts at December 31. Read the requirements. Requirement 1. Assume the market interest rate is 6% on January 1 of year 1 , the date the bonds are issued. (Round your answers to the nearest whole dollar.) a. Using the PV function in Excel, what is the issue price of the bonds? The issue price of the bonds is Requirements Data table 1. Assume the market interest rate is 6% on January 1 of year 1 , the date the bonds are issued. a. Using the PV function in Excel, what is the issue price of the bonds? b. What is the maturity value of the bonds? c. What is Mann's annual cash interest payment on the bonds? d. What is the carrying amount of the bonds at December 31, year 1 ? 2. Prepare an amortization table through December 31 , Year 4 for the bonds. (Round all amounts to the nearest dollar.) How much is Mann's interest expense on the bonds for the year ended December 31, Year 4? 3. Show how Mann would report these bonds and notes at December 31 , Year 4

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