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Use the following information for the next two (2) questions: On January 1, 2019, Jenalyn Company issued 9% bonds in the face amount of P5,000,000 which mature on January 1, 2029. The bonds were issued for P4,695,000 to yield 10%. Interest is payable annually on December 31. The entity used the interest method of amortizing bond discount. 6) What is the interest expense for 2019? A. 469,500 B. 500,000 c. 450,000 D. 422,500 7) What is the carrying amount of the bonds payable on December 31, 2019? A. 4,695,000 B. 4,704,750 C. 4,714,500 D. 5,000,000 8) On January 1, 2020, Jurant Co. issued its 10% bonds in the face amount of P3,000,000, which mature on January 1, 2030. The bonds were issued for P3,405,000 to yield 8%, resulting in bond premium of P405,000. Jurant uses the effective interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2020, the carrying amount of the bonds should be A. 3,405,000 B. 3,377,400 c. 3,364,500 D. 3,304,500