Ch.5 Review Assignments 10 HOW 5 On June 30, 2021, Singleton Computers issued 6% stated rate bonds with a face amount of $100 million. The bonds mature on June 30, 2036 (15 years) The market rate of interest for similar bond issues was 5% (2.5% semiannual rate) Interest is paid semiannually 3.0%) on June 30 and December 31, beginning on December 31, 2021 (FV of $1, PV of $1, FVA of $1, PVA of $1. FVAD of $1 and PVAD of St (Use appropriate factor(s) from the tables provided.) 4 Jus pred 1 Required 2 Required: 1. Determine the price of the bonds on June 30, 2021, 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Penod-Ead Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your answers in whole dollars. Round your final answers to nearest whole dollar amount.) 06/30/2021 12/31/2021 Cash Interest Bond Interest Paid Expense 1 Premium Amortization You received partial credit in the previous attempt 3$ 2.238.371 $(2.238.368) View previous attempt C