Drake Company issues $5,000,000,10%,10-year bonds to yield 12% on January 1 , 2020. Interest is paid on June 30 and December 31 . The proceeds from the bonds are $4,420,000. Drake uses effective-interest amortization. Calculate the cash paid, interest expense, and amortization amount for the 12/31/20 interest payment. Additionally, calculate the bond's carrying value after the interest payment: Drake Company issues $5,000,000,10%,10-year bonds to yield 12% on January 1 , 2020. Interest is paid on June 30 and December 31 . The proceeds from the bonds are $4,420,000. Drake uses effective-interest amortization. Calculate the cash paid, interest expense, and amortization amount for the 12/31/20 interest payment. Additionally, calculate the bond's carrying value after the interest payment