3-20 pts Disconnect Telephone issued $1,000,000 of 4%, 10-year bonds at 104. Interest is paid semi- annually, and the straight-line method is used for amortization. Assume that the market rate for similar investments is 3%. The bonds are issued on the date of the bonds. a. What amount was received for the bonds? 1,000,000 1.04 = 1,040,000 b. How much (cash) interest is paid each interest payment? 1,000,000* 04/2 = 20,000 c. What is the discount amortization for the first interest period? 1,000,000 .03/4 = ET English (United States) 1 d. How much bond interest expense is recorded on the first interest date? e. What is the carrying value of the bonds after the first interest date