Question

Parker Pyrotechnics, Inc. has three bond issues outstanding at 12/31/17: Bond A--$1,000,000, 8% bonds issued on...

Parker Pyrotechnics, Inc. has three bond issues outstanding at 12/31/17:

Bond A--$1,000,000, 8% bonds issued on January 1, 2017, due December 31, 2024. Interest is

payable June 30 and December 31. Bonds were initially priced to yield 8%.

Bond B--$1,000,000, 8% bonds issued on January 1, 2017, due December 31, 2026. Interest is

payable June 30 and December 31. Bonds were initially priced to yield 8.5%.

Bond C--$1,000,000, 8% bonds issued on February 1, 2017, due January 31, 2022. Interest is

payable July 31 and January 31. Bonds were initially priced to yield 7.5%.

Required:

1. Prepare the full amortization schedules each of the three the bonds in Excel, as necessary.

4. For each bond, show what would have appeared on the December 31, 2018 and 2019

financial statements. Be sure to show the proper description and classification for each

item. Use the indirect method to report cash flows from operations.

plz show the fomula in the excel and as detail as possible.

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