Question 1) -- chapter 17

The following is a comparative statement of financial position and income statement forWildhorseCorporation:

On January 1, 2020, Windsor Inc. issued $560,000 of 5-year, 4% bonds to yield a market interest rate of 5%. Interest is paid every quarter on January 1, April 1, July 1, and October 1. Windsor has a calendar year end. After recording the December 31, 2021 accrual for quarterly interest, and making the payment on January 1, 2022, all the bonds were redeemed at 101. *(a) V Your answer is correct. Use Excel or a financial calculator to determine how much the company received from the sale of these bonds. The company received $ 535,360.96Prepare a bond amortization schedule for the first two years (8 interest periods). (Round answers to 0 decimal places, e.g. 5,276.) WINDSOR INC. Bond Discount Amortization Schedule Effective-Interest Method Semi-Annual Interest Interest Period Interest Payment Bond Amortized Expense Amortization he coup Cost Receive Issue Date, Jan. 1, 2020 $ 535360 Apr. 1, 2020 $ 205060 $ 5600.00 $ 6692.00 $ 1092.00 $ 536452.00 Jul. 1, 2020 5600.00 6705.65 1105.65 537557.65 Oct 1, 2020 5600.00 6719.47 1119.47 538677.12 Dec. 31, 2020 (accrual) 5600.00 6733.46 1133.46 (539810.58 Apr. 1, 2021 5600.00 6747.63 1147.63 1540958.22 Jul. 1, 2021 5600.00 6761.98 1161.98 1542120.19 Oct 1, 2021 5600.00 6776.50 1176.5 1543296.70 Dec. 31, 2021 (accrual) 5600.00 6791.21 1191.21 544487.91