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D) Junk bond. Austin Corporation issues $6,000,000 of 10%, 10-year bonds, dated December 31, Year 1 . The bonds are issued on April 30, Year 2, at 100 plus accrued interest. Interest on the bonds is payable semiannually each June 30 and December 31 37) Refer to the information above. The total amount of cash received by Austin Corporation upon issuance of the bonds on April 30, Year 2, is: B) S6,300,000. A) $6,200,000 C) $6.150,000. D) $6,000,000. 38) Refer to the information above. The amount of Austin's interest expense on this bond issue during Year 2 amounts to: A) S450,000. B) $600,000 C) $400,000. D) $360,000. A-6