8 On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: 11.11 points Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 6,047,387 292,000 302,369 10,369 6,057,756 292,000 302,888 10,888 6,068,644 eBook 292,000 303,432 11,432 6,080,076 292,000 304,004 12,004 6,092,080 Print References 292,000. 304,604 12,604 6,104,684 292,000 305,234 13,234 6,117,918 38 292,000 355,060 63,060 7,164,267 39 292,000 358,213 66,213 7,230,480 40 292,000 361,520 69,520 7,300,000 Required: 1. What is the face amount of the bonds? 2. What is the initial selling price of the bonds? 3. What is the term to maturity in years? 4. Interest is determined by what approach? 5. What is the stated annual interest rate? 6. What is the effective annual interest rate? 7. What is the total cash interest paid over the term to maturity? 8. What is the total effective interest expense recorded over the term to maturity?