44 On January 1, 2019, Benson Company issued $100,000 of eight-year bonds when a market rate was 5%. The annual interest payment each year is $4,000. What is the carrying value of the bonds after the interest payment on December 31, 2020? a. 100,000 b. 112,461 c. 114,039 d. 110,834 Smart Industries leases equipment on January 1, 2016. The finance lease has an 11-year term, and an implicit rate of 5%. The equipment has a list price of $300,000 and the lease agreement requires a $20,000 down payment when the lease is signed plus 10 annual payments of $36,261.28 on December 31 of each year of the lease. After Smart Industries makes its payment on December 31, 2018, what is its remaining lease obligation (carrying value) for the equipment? a. 280,000 b. 234,364 c. 209,821 d. 171,216