.377 On January 1, 2019, Money Inc. issued ten-year bonds with a face value of $5,000,000 and a stated interest rate of 12%, payable semiannually on June 30 and December 31. The bonds were sold to yield 10%. Table values are: Present value of 1 for 10 periods at 10%. .386 Present value of 1 for 10 periods at 12% 322 Present value of 1 for 20 periods at 5% Present value of 1 for 20 periods at 6% Present value of annuity for 10 periods at 10% 6.145 Present value of annuity for 10 periods at 12% 5.650 Present value of annuity for 20 periods at 5% Present value of annuity for 20 periods at 5% 11.470 .312 12.462 18. Determine the Selling Price of the Bond: a. $5,000,000 b. $5,623,600 C. $4,427,000 d. $5,617,000xxxxxxxxXXXXXXXXXXXXXXXX 19. Was the Bond sold for at: XXXXXXXXa. Premium b. Discount c. Par . None-Ya e. Business 20. What is the Carrying Value of the Bond at December 31, 2019? a. $4,459,739 b. $5,660,299 C. $5,604,780 d. $5,585,019 21. What would be the interest expense for the Company for the Year ended December 31, 2019? a. $563,301 b. $281,180 C. $561,419 d. $532,239