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Hambelton Ltd$.$ issued $$4,700,000$ of $5\%$ bonds payable on $1$ September $20$X$9$ to yield $4\%.$ Interest on the bonds is paid semi$-$annually and is payable each $28$ February and $31$ August. The bonds were dated $1$ March $20$X$8,$ and had an original term of five years. The accounting period ends on $31$ December. The effective$-$interest method is used. $($PV of $$1,$ PVA of $$1,$ and PVAD of $$1.)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

$1.$ Determine the price at which the bonds were issued. $($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.$)$

$2.$ Prepare a bond amortization table for the life of the bond. $($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank $-$ be certain to enter $"0"$ wherever required.$)$

$3.$Prepare journal entries to record the issuance of the bonds, payment of interest, and all necessary adjustments through to the end of $20$X$10.($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Round your answers to the nearest whole dollar amount.$)$

$4.$ Calculate the interest expense that would be recorded in each of $20$X$9$ and $20$X$10.($Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.$)$

$5.$ Show how the bond would be presented on the statement of financial position as of $31$ December $20$X$9$ and $20$X$10.($Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount.$)$

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