Southlake Corporation issued $900,000 of 8% bonds on March 1, 20X1. The
bonds pay interest on March 1 and September 1 and mature in 10 years.
Assume the independent cases that follow.
• Case A—The bonds are issued at 100.
• Case B—The bonds are issued at 96.
• Case C—The bonds are issued at 105.
Southlake uses the straight-line method of amortization.
Complete the following table:
Case A Case B Case C
a. Cash inflow on the issuance date