1 question 2 parts

Scottie Adams Bird Supplies issued 9% bonds, dated January 1, with a face amount of $220,000 on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 8%. Interest is paid semiannually on June 30 and December 31. What is the price of the bonds at January 1, 2021? Some relevant and irrelevant present value factors: * PV of annuity due of $1: n = 20; i = 4% is 14.13394 * PV of ordinary annuity of $1: n = 20; i = 4% is 13.59033 **PV of $1: n = 20; i = 4% is 0.45639 O $156,114. $247,757 O $369.494 O $234,950. On June 30, 2021, L. N. Bean issued $13 million of its 8% bonds for $12 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2021? $650,000 $520,000 $540,000 $600,000