Ense for Bonds Straight Line) On January 1, 2020, Philips Corporation issued bonds with a total face amount of 5730,000 and a stated rate of Required: 1. Calculate the interest expense for 2020 t the bonds were sold at par 54,250 x 2. Calculate the interest expense for 2020 is the bonds were sold at a premium and the straight-line premium amortization for 2020 is 58,000 46,250 3. Calculate the interest expense for 2020 in the bonds were sold at a discount and the straight-line dacsunt amortization for 2020 86,000. NPET 60,250 x 1 When ang interest, consider pr. the winul where re and the une period 2. Any dacount or pranium acciated with a bond is to internet experen Corse www ws acred pomaly was to rows hance 3. Any discount or promoted with a bond went to expense cone whether the cours des formale contrandt Dance