Discount-Mart issues $17 million in bonds on January 1, 2021. The bonds have a nine-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $680,000 680,000 680,000 680,000 $750,639 754,170 757,879 761,773 $70,639 74,170 77,879 81,773 Carrying Value $15,012,770 15,083,409 15, 157,579 15,235,458 15, 317, 231 What is the market annual rate of interest on the bonds? (Hint: Be sure to provide the annual rate rather than the six-month rate.) (Do not round your intermediate calculations.) Multiple Choice O 4%. O 8%. O 10% Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a eight-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Increase in Carrying Value Cash Paid Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $400,000 400,000 400,000 400,000 $445, 811 448, 102 450,507 453,032 $45,811 48, 102 50,507 53,032 Carrying Value $8,916,223 8,962,034 9,010, 136 9,060,643 9,113,675 What is the interest expense on the bonds in 2021? Multiple Choice $445,811 $800,000 $448,102 Discount-Mart issues $19 million in bonds on January 1, 2021. The bonds have a nine-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: Interest Expense Cash Paid Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 $950,000 950,000 950,000 950,000 $1,016,565 1,020,559 1,024,793 1,029, 280 $66,565 70,559 74,793 79,280 Carrying Value $16,942,755 17,009,320 17,079,879 17,154,672 17,233,952 What is the carrying value of the bonds as of December 31, 2022? Multiple Choice $19,133,952. $17,233,952. $17,079,879