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40 On January 1 Year 1 Residence Company issued bonds wen a $50.000 face value The bonds were issued at 104 resulting in a

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40 On January 1 Year 1 Residence Company issued bonds wen a $50.000 face value The bonds were issued at 104 resulting in a 4% premium. They had a 20 year term and a stated rate of interest of 7% Based on this information, the carrying value of the bond lablity on January 1. Year 6 Munpla Choc $50000 $45300 $1500 $12000

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