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help asap please On January 1, a company issued 4%, 10-year bonds with a face amount of $70 million for $59,586,058 to yield 6% Interest
help asap please On January 1, a company issued 4%, 10-year bonds with a face amount of $70 million for $59,586,058 to yield 6% Interest is paid semiannually. What was the interest expense at the effective interest rate on the December 31 annual income statement? (Enter your answers in whole dollars. Round your intermediate calculations to the nearest dollar amount.) Period Cash Interest Paid Bond Interest Expense Discount Amortization Carrying Value January 1 $ 59,586,058 June 30 December 31 Total
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