2 Question 15 Which one is not true of internal controls? Help company eliminate opportunity of fraud OO Safe guard company's assets Help company eliminate motive to commit fraud Improve the accuracy and reliability of accounting information Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2020. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash Interest Decrease in Carrying Value Carrying Value Date Paid Expense $207,020 1/1/20 6/30/20 $7,000 $6,211 $789 206,230 12/31/20 7,000 6,187 813 205,417 6/30/21 7,000 6,163 837 204,580 12/31/21 7,000 6,137 863 203,717 7,000 6/30/22 6,112 888 202.829 12/31/22 7,000 6,085 915 201.913 6/30/23 943 7.000 6,057 200,971 7,000 12/31/23 6,029 971 200,000 What is the annual stated interest rate on the bonds? 7% 0 0 0 3% 3.5%