3.75 pts Question 10 Dollar Castle issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Increase in Carrying Value Carrying Value Date Cash Paid $8,640,967 01/01/2021 06/30/2021 $ 300,000 $345,639 $ 45,639 8,686,606 12/31/2021 8,734,070 300,000 347,464 47,464 06/30/2022 300,000 349,363 49,363 8,783,433 300,000 12/31/2022 351,337 8,834,770 51,337 What is the interest expense on the bonds in 2021? What is the interest expense on the bonds in 2021? O $696,827. O $347,464 O $345,639. O $693,103. $600,000. Question 11 3.75 pts Federals Department Store issued callable bonds on January 1, 2021. Their accountant has projected the following amortization schedule from issuance until maturity: Interest Expense Increase in Carrying Carrying Value Value Date Cash Paid $ 194,758 01/01/2021 01/01/2021 $ 194,758 06/30/2021 $ 7,000 $ 7,790 $ 790 195,548 12/31/2021 7,000 822 196,370 06/30/2022 7,000 7,855 197.225 12/31/2022 7.000 7,889 889 W 198,114 06/30/20237,000 7.925 925 199,039 12/31/2023 7.000 7,961 961 200,000 Federals issued the bonds: At a discount. At market. IN At a premi Cannot be determined from the given information INI Atar