Question: Revise your worksheet assumptions as indicated below and then answer the questions that folllow. Face amount stated rate Number of years Market rate $3,050,000

Revise your worksheet assumptions as indicated below and then answer the questions

that folllow. Face amount stated rate Number of years Market rate $3,050,000

Revise your worksheet assumptions as indicated below and then answer the questions that folllow. Face amount stated rate Number of years Market rate $3,050,000 B% 18 Required: 1. Was the bond issued at a discount or a premium? 9% 2. Complete the first four rows of the amortization schedule. (Round your answers to 2 decimal places.) Interest Expense Change in Carrying Value Date June 30, 2021 December 31, 2021 June 30, 2022 December 31, 2022 Cash Paid Carrying Value

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