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The Peg Corporation (TPC) issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, 2018. The stated interest rate was payable at the end of each year. The bonds mature at the end of four years. The following schedule has been prepared (amounts in thousands):

The Peg Corporation (TPC) 2018. The stated Interest rate was payable at the end of each year has been prepared (amounts In thousands): Issued bonds and recelved cash In full for the Issue price. The bonds were dated and Issued on January1, The bonds mature at the end of four years. The foll Balance 8, 132.23 January 1, 2018 End of year 2018 $680650.58 End of year 2019 680 End of year 2020 68 End of year 2021 680 $29.00 31.78 34.32 36.72 8,071.03 8,036.72 8,000.00 642.94 Required the amortization schedule. TIP: The switch In amortization from $29 to $36.72 In the final year is caused by rounding. 2. What was the maturity amount (face value) of the bonds? 3. How much cash was received at date of Issuance of the bonds? 4. was there a premium or a discount? lf so, which and how much was it? S. How much cash is pald for interest each 6. What is the stated Interest rate? 7. What Is the market interest rate? 8. What amount of interest expense should be reported on the income statement each year? 9-a. How would the bonds be classified at end of 2019 and 20207 9-b. At what net amount would they be reported? Complete this question by entering your answers in the tabs below. schedule. TIP: The switch in amortization rounding. (Enter your answers in thousands. Round your intermediate calculations and final a Complete the amortization from $29 to $36.72 in the final year is caused by nswers to 2 decimal p laces.) Cash Interest Amortization Balance Jan 1, 2018 End of Year 2018 End of Year 2013 End of Year 2020 End of Year 2021 8,132.23 29.00 31.78 34.328,036.72 36.72 650 .58 680 680 680 680 8,071.03 642.94 8,000.00

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