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1. 2014
July 1
Oct. 1
Dec. 31
2015
June 30
Sept. 30
Dec. 31
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Sept. 30
2.
a. 2014 interest expense:
b. 2015 interest expense:
3.
Initial carrying amount of bonds
Premium amortized on December 31, 2014
Premium amortized on December 31, 2015
Carrying amount of bonds, December 31, 2015
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1. 2014
July 1 62,817,040
55,000,000
7,817,040
Oct. 1 450,000
450,000
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Interest Expense
Interest Expense
Interest Payable
Interest Payable
Interest Expense
Interest Expense
Gain on Redemption of Bonds