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Fora Corporation issues $2,000,000, 4%, 10-year bonds to yield 5% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds

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Fora Corporation issues $2,000,000, 4%, 10-year bonds to yield 5% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $1,844,106. Using effective-interest amortization, how much interest expense will be recognized in 2018? [4 points) A/ Using effective interest amortization, what will the carrying value of the bonds be on the December 31, 2018 balance sheet? [3 points) Using straight-line amortization, how much interest expense will be recognized in 2012? (1 points) A/ Using straight-line amortization, what will the carrying value of the bonds be on the December 31, 2012 balance sheet? 12 points) A/

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