Version 2 Instructions for Problems There are three (3) problems each worth 15 points and you must answer TWO (2) of the problems. Please show all work. 17. (15 Points) On March 1, 2018, Piper Co. issued ten-year bonds with a face value of $5,000,000 and a stated interest rate of 10%, payable semiannually on September 1 and March 1. The bonds were sold to yield 8%. Piper Co. fiscal year end is December 31. Instructions (a) Complete the amortization schedule for the dates indicated using the effective- interest method. Round all answers to the nearest dollar). March 1, 2018 September 1, 2018 March 1, 2019 (b) Prepare the adjusting entry for December 31, 2018. Use the effective interest method. Compute the interest expense to be reported in the income statement for the year ended December 31, 2018