Question: please don't use excel formulas and do as soon as possible Question: On January 1 of Year 1. Congo Express Airways issued $3,650,000 of 8%

please don't use excel formulas and do as soon as possible

please don't use excel formulas and do as soon as possible

Question: On January 1 of Year 1. Congo Express Airways issued $3,650,000 of 8% bonds that pay interest semiannually on January 1 and July 1. The bond issue price is $3,350,000 and the market rate of interest for similar bonds is 9%. The bond premium or discount is being amortized at a rate of $10,000 every six months. The company's December 31, Year 1 balance sheet should reflect total habilities associated with the bond issue in the amount of: a. $3, 224,000 b. 33,516,000 c$3.930,000 d. $3,370.000 $1.076,000

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