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Transcribed image text: Use the following information for the next two (2) questions: On January 1, 2019 Chespin Co. issued 3 year bonds with a face value of P1,200,000 and stated interest of 8% per year payable annually on December 31. The bonds were acquired to yield 10%. The bonds were appropriately classified as financial liability at amortized cost. (PVF 4 Decimal) QUESTIONS: 34) How much is the issue price of the bonds on January 1, 2019? A. 1,140,302 B. 1,051,730 c. 1,055,730 D. 1.200,340 35) How much is the interest expense for 2019? A. 117,817 B. 114,104 C. 114,030 D. 96.000 ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/66857f8f8b24f_97566857f8f291b0.jpg)
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