Check my Milan Company issued bonds with a face value of $423,000 on January 1 Year 1. The bonds had a 7 percent stated rate of interest and a sb-year term. The bonds were issued at face value Interest is payable on an annual basis Required o. What total amount of interest will Milan Company pay in Year 1 if bond interest is paid annually each December 312 b. What total amount of interest will Milan Company pay in Year 1 if bond interest is paid semiannually each June 30 and December 3F (Do not round intermediate calculations.) Total amount of interest Total amount of interest