Discount-Mart issues $20 million in bonds on Janusry 1,2021. The bonds have a ten-year term and pay interest semiannualy on June 30 and December 31 each year. Below is a partial bond amortization schedule for the in Date 01/01/2021 06/30/2021 $1,000,000 $1,062,3 12/31/2021 06/30/2022 12/31/2022 1,000,000 1,000,000 1,000,000 1,066,103 1,070,069 1,074,273 $62,361 66,103 70,069 74,273 $17,706,016 17,768,377 17,834,480 17,904,549 17,978,822 What is the interest expense on the bonds in 202 S1062.36 $1,066103 $2128.464 10 Carrying alue Interest Carrying lue 01/01/2021 06/30/2021 $22,800 25,332 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $2,532 2,709 2, 899 ,102 3,319 ,552 64,419 367,120 370,027 373,129 376,448 380,000 22,800 22,800 25,509 25,699 25,902 26,119 26,352 22,800 22,800 THA issued the bonds for Multiple Choice $380.000 $36L87 r Hawa's Adventure (THA) Issued callable bonds on January 1,2021 THA's accountant has projected the following amortization schedule from ssuance unt maturity Increase in Interest Carrying Carrying Value 01/01/2021 06/30/2021 8,000 $9,492 $1,492 91,341 92,908 8,000 9,56 8,000 8,000 9,72 1,567 1,645 1,728 1,814 1,905 194,553 06/30/2022 12/31/2022 06/30/2023 196,281 198,095 200,000 12/31/20238,000 8,000 9,905 is the annual stated interest rate on the bonds?Hint: Be sure to provide the annual rate rather than the six-month rate) (Do not round your intermediate cak ulations) Help Save&Exit Submit a e Carry Date 01/01/2021 06/30/2021 520,000 $579,555 2/31/2021 06/30/2022 $59,555 62,532 65,659 68,942 $11,591,090 1,650,645 11,713,177 11,778,836 11,847,778 20,000 520,000 S82,532 585,659 588,942 12/31/2022 520,000 88, 942 Multiple Choice $11,847,778