4. Public companies should report Bond issue costs on the financial statements as a. Other Assets- Deferred costs b. A reduction to Bonds Payable c. Deferred Liabilities d. A deduction to Discount on Bonds Payable 5. On January 1, 2022, Ellison Co. issued eight-year bonds with a face value of $4,000,000 and a stated interest rate of 6%, payable semiannually on June 30 and December 31. The bonds were sold to yield 8%. Present value of 1 for 8 periods at 6%. Present value of 1 for 8 periods at 8%........ Present value of 1 for 16 periods at 3%.. Present value of 1 for 16 periods at 4%. Present value of annuity for 8 periods at 6%.. Present value of annuity for 8 periods at 8%. Present value of annuity for 16 periods at 3%. Present value of annuity for 16 periods at 4%. The issue price of the bonds is .627 .540 .623 .534 6.210 5.747 12.561 11.652 a.$3,534,240. b.$3,539,280. c.$3,558,240. d.$3,998,400