A company issued 8%, 15-year bonds with a face amount of $100 million. The market yield for bonds of similar risk and maturity is 6%. Interest is paid semiannually. At what price did the bonds sell? (FV of $1, PV of $1, FVA of $1. PVA of $1. VAD of $1 and PVAD of $1) (Enter your answers in whole dollars.) Price of bonds On January 1, a company issued 4%, 20-year bonds with a face amount of $55 million for $42,287,047 to yield 6%. Interest is paid semiannually. What was the straight-line interest expense on the December 31 annual income statement? (Enter your answer in whole dollars. Round your intermediate calculations to the nearest dollar amount.) Interest expense At the beginning of its fiscal year, Lakeside Inc. leased office space to LTT Corporation under a ten-year operating lease agreement. The contract calls for quarterly rent payments of $37,000 each. The office building was acquired by Lakeside at a cost of $3.2 million and was expected to have a useful life of 25 years with no residual value. What will be the effect of the lease on Lakeside's earnings for the first year (ignore taxes)? (Enter your answer in whole dollars.) Lakeside its earnings by