4. Priya Company issued 1,200 five-year, semi-annual bonds with $1,000 face value and 6% coupon rate on June 30, 2018. At the date of their issue, the market rate was 4%. What is the present value of the interest payments related to the bond issuance? Select one: a. 323,373 2. 204,725 . 169,685 . 320,531 5. Market issued a 90-day note payable for $240,000 on November 1, 2019 with an annual interest rate of 11%. Assuming a 360-day year, what amount of interest has accrued as of December 31, 2019? What is the total amount of interest that will be paid on this note (including 2019 and 2020)? a. $4,400 for 2019; $26,400 in total b. $4,400 for 2019; $6,600 in total c. $2,200 for 2019; $4,400 in total d. $2,200 for 2019; $26,400 in total 6. Patel, Inc. issued $2,000,000 fifteen-year, 5% bonds. The proceeds of the issuance will be used to invest in state-of-the-art freezers in all of its stores. At the time of the issuance, the market rate was 6%. What is patel total interest expense over the life of the bonds, assuming annual interest payments? a. 1,694,245 . 1,500,000 2. 1,805,755 1. 1,592,407 On March 1, 2020, David, Inc. purchased 400 shares of its own $21 par value common stock for $24,000. On June 30, 2020, Derek sold 300 of these treasury shares for $21,600 cash. The journal entry to record the sale includes a: Select one: a. $3,600 credit to Paid-in Capital from Treasury Stock . $3,600 credit to Gain on Sale of Treasury Stock . $24,000 credit to Treasury Stock 1. $18,000 credit to Paid-in Capital from Treasury Stock