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2. (5 points) On January 2, 2021, Convent, Inc. sold $300,000 of ten-year bonds ($1,000 par value) for $320,000. The bonds have a stated rate

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2. (5 points) On January 2, 2021, Convent, Inc. sold $300,000 of ten-year bonds ($1,000 par value) for $320,000. The bonds have a stated rate of interest of 6%, which is paid on June 30 and December 31. a. Calculate the interest payment for 2021. b. Calculate the interest expense for 2021

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