Question 1 15 pts Kennard Corporation issued a $160,000, 8%, 3...
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Question 1 15 pts Kennard Corporation issued a $160,000, 8%, 3 year bond on 1/1/30 when the market rate of interest was 10%. Solve for the issue price of the bond, and fill in the effective interest method chart. Please round to the nearest dollar (no decimals). 1. What is the issue price of the bond: 2. Fill in the effective interest method chart. Date Cash Interest Interest expense Amortization BV of the Bond 1/1/20 12/31/20 12/31/21 12/31/22
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