Harrison Ltd. issued $4,500,000 of bonds payable on 30 April 20X0. The bonds are due...

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image Harrison Ltd. issued $4,500,000 of bonds payable on 30 April 20X0. The bonds are due on 30 April 20X8, and bear interest at 3.5% per annum, payable every 30 October and 30 April. The bonds were issued to yield 4% per annum. Harrison's fiscal year ends on 31 December. Harrison uses the effective interest method of amortization. (PV of \$1. PVA of \$1, and I (Use approprlate factor(s) from the tables provlded.) Required: 1. Calculate the proceeds from issuance. (Round time volue foctor to 5 declmal pleces. Round your final onswer to the neorest whole dollar amount. Do not round Intermedlate coleulatlons.) 2 Calculate the proceeds from issuance if the yield rate is 3% and the bond is issued on 30 October 202, still with a maturity date of 30 April 20X8. (Round tlme volue foctor to 5 declmal ploces. Round your flnal answer to the nearest whole dollar amount. Do not round Intermedlate coleulations.) 3. Calculate the proceeds from issuance if the yield rate is 6%, and the bond is issued on 30 April 201, still with a maturity date of 30 April 20X8. (Round time value foctor to 5 declmal places. Do not round Intermedlate calculatlons. Round your finol answer to the nearest whole dollar amount.) 4. Assume that on 30 October 205 the market rate of interest is 8% for notes of similar risk and maturity. a. Determine the book value (including unamortized discount/premium) that will be shown on the statement of financial position at that date assuming the bond was issued as in requirement 1. (Round time value factor to 5 declmal places. Do not round Intermedlate calculations. Round your final answer to the neorest whole dollar amount.) b. Determine the fair value that will be disclosed in the notes. (Round time value foctor to 5 declmol places. Do not round Intermedlate coleulatlons. Round your flnal answer to the nearest whole dollar amount.)

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