Concord Corporation issues $ 4930000, 8%, 5-year bonds dated January 1, 2020 on January 1, 2020. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 7%. What are the proceeds from the bond issue? 3.5% 4.0% 7% 8% 0.84197 0.82193 0.71299 0.68058 Present value of a single sum for 5 periods Present value of a single sum for 10 periods 0.70892 0.67556 0.50835 0.46319 Present value of an annuity for 5 periods 451505 4.45182 4.10020 3.99271 Present value of an annuity for 10 periods 8.31661 8.11090 7.02358 6.71008 $5133511 $5135011 $5132696 $4930000 On January 2, 2020, a calendar-year corporation sold 4% bonds with a face value of $2910000. These bonds mature in five years, and interestis paid semiannually on June 30 and December 31. The bonds were sold for $2662000 to yield 6%. Using the effective- interest method of computing interest. how much should be charged to interest expense in 2020? $160370. $116400 $174600 $159720 Swifty Corporation issued 10700 shares of its $5 par value common stock having a fair value of $20 per share and 15500 shares of its $10 par value preferred stock having a fair value of $25 per share for a lump sum of $510000. How much of the proceeds would be allocated to the common stock? $214000 $328554 $240250 S181446