3 2 Milan Company issued bonds with a face value of $388.000 on January 1 Year 1. The bonds had a 5 percent stated rate of interest and a six year term The bonds were issued at face value. Interest is payable on an annual basis Required . What total amount of Interest will Milan Company pay in Year tit bond interest is paid annually each December 31 b. What total amount of interest will Milan Company pay in Year til bond interest is paid semiannually cach Jung 30 and December 31 (Do not round intermediate coltulations) Doints Toumount oferest Tot aant of interest