Additional Problem 1 On January 1, 2020, Skysong Corporation purchased a newly issued $1,125,000 bond. The bond matured on December 31, 2022, and paid interest at 6% every June 30 and December 31. The market interest rate was 8%. Skysong's fiscal year-end is October 31, and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1 Calculate the price paid for the bond using a financial calculator or Excel functions. (Round answers to 2 decimal places, e.g. 52.75.) PV sl SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare an amortization schedule for the bond. (Round answers to 2 decimal places, e.g. 52.75) Cash Received Interest Revenue Date Discount Amortization Amortized Cost (Present Value) $ Jan. 1, 2020 June 30, 2020 Dec. 31, 2020 June 30, 2021 Dec. 31, 2021 June 30, 2022 Dec. 31, 2022 PRESENT VALUE OF 1 (PRESENT VALUE OF A SINGLE SUM) PVF., =(1+1) (1+1) (n) periods 2% 242% 3% 4% 5% 6% 8% 9% 10% 11% 12% 15% .96156 .92456 1 2 3 4 5 .98039 .96117 .94232 .92385 .90583 .97561 .95181 .92860 .90595 88385 .97087 .94260 .91514 .88849 .86261 .88900 .85480 .82193 .95238 .90703 .86384 82270 .78353 .94340 .89000 .83962 79209 74726 92593 .85734 .79383 73503 68058 91743 84168 477218 .70843 64993 .90909 .82645 .75132 .68301 .62092 .90090 .81162 .73119 .65873 .59345 .89286 79719 .71178 .63552 .56743 .86957 75614 .65752 57175 49718 6 7 8 9 10 .88797 87056 85349 83676 .82035 .86230 .84127 .82075 .80073 .78120 .83748 .81309 -78941 .76642 .74409 .79031 .75992 .73069 .70259 .67556 .74622 71068 67684 .64461 .61391 70496 66506 (62741 59190 55839 .63017 .58349 .54027 -50025 46319 59627 54703 -50187 46043 42241 .56447 51316 46651 :42410 .38554 53464 .48166 43393 39092 35218 50663 145235 .40388 36061 32197 43233 37594 32690 28426 24719 38753 35554 11 12 13 14 15 .80426 .78849 .77303 .75788 .74301 .76214 .74356 .72542 70773 .69047 .72242 .70138 .68095 .66112 .64186 .64958 .62460 .60057 .57748 .55526 .58468 55684 .53032 50507 48102 52679 .49697 46884 :44230 41727 42888 39711 36770 34046 31524 32616 29925 27454 35049 31863 28966 26333 23939 31728 28584 25751 23199 20900 28748 25668 22917 20462 18270 21494 18691 16253 14133 12289 18829 26963 16 17 18 19 20 .72845 .71416 .70016 .68643 67297 .67362 .65720 .64117 .62553 61027 .62317 60502 58739 57029 .55368 53391 51337 .49363 .47464 .45639 .45811 43630 41552 39573 137689 39365 37136 35034 33051 31.180 29189 27027 25025 23171 21455 25187 23107 21199 19449 17843 21763 19785 17986 16351 14864 15282 13768 16312 14564 13004 17611 10367 10687 09293 08081 07027 06110 12403 21 22 23 24 25 .65978 .64684 .63416 .62172 .60953 .59539 .58086 .56670 .55288 .53939 53755 52189 50669 43883 .42196 .40573 39012 37512 35894 34185 32557 31007 29530 29416 27751 26180 24698 23300 19865 18394 17032 15770 14602 16370 15018 13778 32647 11597 13513 12285 17168 610153 09230 11:174 10067 09069 08170 07361 09256 08264 07379 06588 .05882 05313 04620 04017 03493 03038 49193 47761 12 13 14 15 .78849 .77303 .75788 .74301 .74356 .72542 .70773 .69047 .70138 .68095 .66112 .64186 .62460 .60057 .57748 .55526 55684 53032 .50507 .48102 .49697 .46884 ,44230 .41727 .39711 .36770 .34046 .31524 35554 32618 29925 27454 .31863 28966 26333 .23939 .28584 .25751 .23199 20900 .25668 22917 20462 .18270 .18691 .16253 .14133 .12289 16 17 18 19 20 .72845 .71416 170016 .68643 .67297 67362 .65720 .64117 .62553 .61027 .62317 .60502 .58739 .57029 .55368 .53391 .51337 49363 ,47464 .45639 45811 43630 41552 .39573 .37689 39365 37136 .35034 33051 31180 29189 27027 25025 23171 21455 25187 23107 21199 19449 .17843 21763 .19785 .17986 .16351 14864 .18829 .16963 .15282 .13768 12403 .16312 .14564 .13004 .11611 .10367 .10687 09293 08081 .07027 .06110 21 22 23 24 25 .65978 .64684 .63416 .62172 .60953 .59539 .58086 56670 .55288 .53939 .53755 152189 .50669 49193 47761 43883 ,42196 40573 39012 .37512 35894 34185 32557 31007 .29530 29416 27751 26180 24698 23300 J19866 18394 17032 .15770 14602 .16370 15018 13778 12641 11597 13513 112285 11168 .10153 09230 .11174 10067 .09069 .08170 07361 09256 08264 .07379 .06588 05882 05313 .04620 .04017 .03493 .03038 26 27 28 29 30 .59758 58586 57437 .56311 .55207 .52623 51340 50088 48866 47674 46369 45019 43708 .42435 41199 .36069 34682 33348 32065 30832 28124 26785 25509 24295 23138 21981 .20737 19563 18456 .17411 13520 12519 .11591 10733 09938 10639 09761 08955 08216 07537 08391 107628 06934 06304 105731 .06631 05974 05382 04849 04368 05252 104689 04187 03738 03338 02642 .02297 01997 .01737 01510 31 32 33 34 35 54125 53063 .52023 .51003 .50003 46511 45377 44270 43191 42137 39999 38834 .37703 36604 35538 29646 .28506 27409 26355 25342 22036 20987 19987 19035 18129 16425 15496 14619 13791 113011 09202 08520 07889 07305 06763 06915 06344 .05820 05346 04899 05210 L04736 04306 03914 .03558 03935 03545 03194 02878 02592 02980 02661 L02376 02121 01894 01313 01142 200993 00864 100751 36 37 38 39 40 49022 48061 47119 46195 45289 .41109 40107 39128 38174 37243 34503 .33498 .32523 .31575 30656 .24367 .23430 22529 21662 .20829 17266 16444 .15661 14915 14205 12274 11579 10924 .10306 09722 06262 05799 L05369 .04971 04603 04494 04123 03783 03470 03184 .03235 0294 02674 02430 02210 02335 02104 01896 01708 .01538 01691 01510 01348 01204 L00653 00568 .00494 00429 .00373 01075 PRESENT VALUE OF AN ORDINARY ANNUITY OF 1 1 1 PVF-0A.. (1+i)" 2 periods 2% 21/2% 3% 4% 5% 6% 1 3 4 5 .98039 1.94156 2.88388 3.80773 4.71346 97561 1.92742 2.85602 3.76197 4.64583 .97087 1.91347 2.82861 3.71710 4.57971 .96154 1.88609 2.77509 3.62990 4.45182 .95238 1.85941 2.72325 3.54595 4.32948 .94340 1.83339 2,67301 3.46511 4.21236 8% 9% 10% 11% 12% 15% 92593 91743 90909 90090 89286 86957 1.78326 1.75911 1.73554 1.71252 1.69005 1.62571 2.57710 2.53130 2.48685 2.44371 2.40183 2.28323 3.31213: 3.23972 3.16986 3.10245. 3.03735 2.85498 3.99271 3.88965 3.79079 3:69590 3.60478 3.35216 6 7 8 9 10 5.60143 6.47199 7.32548 8.16224 8.98259 5.50813 6.34939 7.17014 7.97087 8.75206 5.41719 6.23028 7.01969 7.78611 8.53020 5.24214 6.00205 6.73274 7.43533 8.11090 5.07569 5.78637 6.46321 7.10782 7.72173 4.91732 5.58238 6.20979 6.80169 7.36009 4.62289 5 20637 5.74664 6.24689 6.71008 4.4859214135526 4,23054. 4.11141 3.78448 5.03295 4 8684214,71220. 4.56376 4.16042 5.53482: 5.33493 5:14612,14.96764 4,48732 5,99525.5.7.5902 5:537055.32825 4.77158 6.417666.14457:: 5.889235,650225.01877 11 12 13 14 15 9.78685 9.51421 9.25262 8.76048 8.30641 10.57534 10.25776 9.95400 9.38507 8.86325 11.34837 10.98319 10.63496 9.98565 9.39357 12.10625 11.69091 11.29607 10.56312 9.89864 12.84926 12.38138 11.93794 11.11839 10.37966 7.88687 8.38384 8.85268 9.29498 9.71225 7:13896 7:53608 7.90378 8.24424 8.55948 680519.16.49506: 6:206525.93770: 5.23371 2.160736 813696,49236 6.194375.42062 48690: 7:10336 6.74987 6.423555.58315 7.78615.7.36669 6:981876.62817 5,72448 8.060697.60608:17 19087.6.81086 5,84737 16 17 18 19 20 13.57771 13.05500 12.56110 11.65230 10.83777 10.10590 14.29187 13.71220 13.16612 12.16567 11.27407 10.47726 14.99203 14.35336 13.75351 12.65930 11,68959 10.82760 15.67846 14.97889 14.32380 13.13394 12.08532 11:15812 16.35143 15.58916 14.87747 13.59033 12,46221 11.46992 8.85137 9.12164 9.37189 9.50360 9,81815 8.31256:17.82371:17.37916116,97,399 5,95424 8.543638,0215517.54879: 7211963. 6.04716 8.75563:18 20141:17.7016217.24967: 6.12797 8.95012 8.36492 7.83929736578 6.19823 912855 8151356 17:963333469446.25933 21 22 23 24 17.01121 16.18455 15,41502 14.02916 12.82115 11.76408 10.01680 9.2922418 64869 18:07507 7.56200 16,31246 17.65805 16.76541 15.93692 14.45112 13.16800 12.04158 10.20074 9.44243 8771548.175741 7.64465 6,35866 18.29220 17 33211 16.44361 14.85684 13.48857 12.30338 10.371069.58021 8.88322 8 266437.71843 6.39884 18.91393 17.88499 16.93554 15.24696 13.79864 12,55036 10.52876 9.706611 8.984748 34814 17.78432 6.43377 12 13 14 15 10.57534 10.25776 9.95400 9.38507 8.86325 11.34837 10.98319 10.63496 9.98565 9.39357 12.10625 11.69091 11.29607 10.56312 9.89864 12.84926 12.38138 11.93794 11.11839 10.37966 8.38384 8.85268 9.29498 9.71225 7.53608 7.90378 8.24424 8,55948 7.16073 6.81369 6.49236 6.19437 5.42062 7.48690 7.10336 6.74987 6.42355 5.58315 7.78615 7.36669 6.98187 6.62817 5.72448 8.06069 7.60608 7.19087 6.81086 5.84737 16 17 18 19 20 13.57771 13.05500 12.56110 11.65230 10.83777 10.10590 14.29187 13.71220 13.16612 12.16567 11.27407 10.47726 14.99203 14.35336 13.75351 12.65930 11.68959 10.82760 15.67846 14.97889 14.32380 13.13394 12.08532 11.15812 16.35143 15.58916 14.87747 13.59033 12.46221 11.46992 8.85137 9.12164 9.37189 9.60360 9.81815 8.31256 7.82371 7.37916 6.97399 5.95424 8.54363 8.02155 7.54879 7.11963 6.04716 8.75563 8.20141 7.70162 7.24967 6.12797 8.95012 8.36492 7.83929 7.36578 6.19823 9.12855 8.51356 7.96333 7.469446.25933 21 22 23 24 25 17.01121 16.18455 15.41502 14.02916 12.82115 11.76408 10.01680 9.29224 8.64869 8.07507 7.56200 6.31246 17.65805 16.76541 15.93692 14.45112 13.16800 12.04158 10.20074 9.44243 8.77154 8.17574 7.64465 6.35866 18.29220 17.33211 16.44361 14.85684 13.48857 12.30338 10.37106 9.58021 8.88322 8.26643 7.71843 6.39884 18.91393 17.88499 16.93554 15.24696 13.79864 12.5503610.52876 9.70661 8.98474 8.34814.7.78432 6.43377 19.52346 18.42438 17.41315 15.62208 14.0939412.78336 10.67478 9.82258 9,07704 8,42174 7.84314 6.46415 26 27 28 29 30 20.12104 18.95061 17.87684 15.98277 14.37519 13.00317 10.809989.92897 9.16095 8.488067.89566 6.49056 20.70690 19.46401 18.32703 16.32959 14.64303 13.21053 10.93516 10.02658 9.23722 8.45780 7.94255. 6.51353 21.28127 19.96489 18.76411 16.66306 14.89813 13.406161105108 10.11613 9.30657 8.60162 7.984426.53351 21.84438 20.45355 19.18845 16.98371 15:14107 13.59072 11.15841: 10.19828 9.36961 8.650118.021816.55088 22.39646 20.93029 19.60044 17:29203 15.37245 13.76483: 11:25778 10.27365 9.42691 8.69379 8.05518 6.56598 31 32 33 34 35 22.93770 21.39541 20.00043 17.58849 15.59281 13,92909 11:34980 10.34280 9.47901 8.73315 8.08499 6.57911 23.46833 21.84918 20.38877 17.87355 15.80268 14.08404 : 11.43500 10.40624 9.52638 8.76860 8,111596.59053 23.98856 22.29188 20.76579 18.14765 16.00255 14.23023 11.51389 10:46444 9.56943 8.80054 8.13535 6:60046 24.49859 22.72379 21.13184 18.41120 16.19290 14.36814 11.58693 10.51784 9.60858 8.82932 8,15656 6.60910 24.99862 23.14516 21.48722 18.66461 16.37419 14 49825 11.65457.. 10,566829.64416 8.855248.17550 6.61661 36 37 38 39 40 25.48884 23.55625 21.83225 18.90828 16.54685 14.62099 11717191 10.61176 9.67651 8.87859 8.1924116.62314 25.96945 23.95732 22.16724 19.14258 16.7112914.73678 1177518 10.65299 9.70592 8.89963 8.20751 6.62882 26.44064 24.34860 22.49246 19.36786 16.86789 14.84602 11.82887 10.69082 9.73265 8.91859 8.22099 6,63375 26.90259 24.73034 22.80822 19.58448 17.01704 14.94907 11.87858 10.72552 9.75697 8.93567 8.233036.63805 27.35548 25.10278 23.11477 19.79277 17.15909 15.04630 11.92461 10.75736 9.77905 8.95105 8.24378 6.64178