Question: Need help! Attached image below. All help is appreciated. Soothing, Inc. is authorized to issue 5%. 10-year bonds payable. On January 1. 2016, when the

Need help! Attached image below. All help is appreciated.

Soothing, Inc. is authorized to issue 5%. 10-year bonds payable. On January 1. 2016, when the market interest rate is 10%, the company issues $100,000 ofthe bonds. The bonds pay interest semiannually. a (Click the icon to view the Present Value of $1 table.) a (Click the icon to view the Present Value of Annuity of $1 table.) 3 (Click the icon to view the Future Value of $1 table.) 3 (Click the icon to view the Future Value of Annuity of $1 table.) Read the reguirements. Requirement 1. How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) Upon issuance of the bonds payable, the company received $ 68,844 . Requirement 2. Prepare an amortization table for the bond using the effective-interest method, through the rst two interest payments. (Round all numbers to the nearest whole dollar.) Interest Carrying Cash Paid Expense Amortized Amount 0 Requirements OHM/2016 |:| 06130f2016 |:| |:| 12l31/2016 I I I I . How much cash did the company receive upon issuance of the bonds payable? (Round all numbers to the nearest whole dollar.) Prepare an amortization table for the bond using the effective-interest method, through the rst two interest payments. (Round all numbers to the nearest whole dollar.) Journalize the issuance of the bonds on January 1, 2016, and payment of the rst semiannual interest amount and amortization of the bond on June 30. 2016. Explanations are not required

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