Question: Please complete in the fields provided. Also include any calculations used. Note: this is one full question so please complete fully to guarantee up vote.

Please complete in the fields provided. Also include any calculations used. Note: this is one full question so please complete fully to guarantee up vote. Thank you in advance
Please complete in the fields provided. Also include any calculations used. Note:
this is one full question so please complete fully to guarantee up
vote. Thank you in advance On January 1,2021, Sunland Ltd. issued bonds
with a maturity value of $7,200,000 when the market rate of interest
was 4%. The bonds have a coupon (contractual) interest rate of 5%
and mature on January 1, 2031. Interest on the bonds is payable

On January 1,2021, Sunland Ltd. issued bonds with a maturity value of $7,200,000 when the market rate of interest was 4%. The bonds have a coupon (contractual) interest rate of 5% and mature on January 1, 2031. Interest on the bonds is payable semi-annually on July 1 and January 1 of each year. The company's year end is December 31 . Clickhere to view the factor table. Present Value of 1 Clickhere to view the factor table. Present Value of an Annuity of 1 Calculate the issue price of the bonds. For colculation purposes, use 5 decimal places as displayed in the factor table provided Round final answer to 0 decimai places es. 5.275 ) Issue Price $ Prepare a bond amortization schedule from the date of issue up to and including January 1,2023 . (Round answers to 0 decimaf ploces, es 5,275.) Prepare all of the required journal entries related to the bonds that Sunland Ltd, will record during 2021, including any adjusting journal entries at December 31, 2021. (Round answers to O decimal places, eg. 5, 275. Credit account titles are automatically indented When the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) What amounts would be reported as current and non-current in the liabilities section of Sunland Ltd's December 31,2021 , balance sheet? (Round answers to 0 decimal places, e. . 5, 275.) Record the payment of interest on January 1, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent monually. If no entry is required, select "No Entry" for the account tites and enter O for the amounts) eTextbook and Media The bonds were redeemed on January 1, 2023 (after the interest had been paid and recorded) at 102. Prepare the journal entry for the redemption of the bonds. (Round answers to 0 decimal piaces, es. 5,275. Credit occount tities are cutomotically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the accoknt titles and enter O for the amounts.) Assume instead that the bonds were not redeemed on January 1, 2023. Record the entry for the repayment of the bonds on January 1, 2031. (Credit occount titles are outomotically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) What will be the total interest payment over the 10 -year life of the bonds? What will be the htal interest expense over the 10 year life of the bonds? (Round answers to 0 decimal places, eg. 5,275.) Interest Payment $ Interest Expense $

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