Financial Statement Impact On July 1, 2014 Botwin Company issues $1,000,000, 10%, bonds payable due in 10 years. Use the slider below to select the relevant interest rate to answer the following questions.

1.a. If the market rate of interest is 12%, what is the issue price of the bonds payable? $ 887022

b. If the market rate of interest is 12%, what is the discount on the bonds payable? $ 112978

c. If the market rate of interest is 12%, what is the carrying amount of the bonds payable on the date of issuance? $ 887022

2.a. If the market rate of interest is 14%, what is the selling price of the bonds payable? $ 791312

b. If the market rate of interest is 14%, what is the discount on the bonds payable? $ 208688

c. If the market rate of interest is 14%, what is the carrying amount of the bonds payable on the date of issuance? $ 791312