I only need answers to Part (c)

On June 30, 2017, Metlock Company issued $4,500,000 face value of 13%, 20-year bonds at $4,838,533, a yield of 12%. Metlock uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31

(1)		The issuance of the bonds on June 30, 2017.
(2)		The payment of interest and the amortization of the premium on December 31, 2017.
(3)		The payment of interest and the amortization of the premium on June 30, 2018.
(4)		The payment of interest and the amortization of the premium on December 31, 2018.

Part (c) (the choices are (less than, greater Than, the same as)

Account Titles and Explanation No. Date Debit Credit (1) June 30, 2017 Cash 4,838,533 Bonds Payable 4500000 Premium on Bonds Payable 338533 (2) December 31, 2017 Interest Expense 290312 Premium on Bonds Payable 2188 292500 Cash Interest Expense (3) June 30, 2018 290181 Premium on Bonds Payable 2319 292500 Cash (4) December 31, 2018 Interest Expense 290042 Premium on Bonds Payable 2458 292500 Cash Provide the answers to the following questions. (1) What amount of interest expense is reported for 2018? (Round answer to O decimal places, e.g. 38,548.) Interest expense reported for 2018 (2) Will the bond interest expense reported in 2018 be the same as, greater than, or less than the amount that would be reported if the straight-line method of amortization were used? The bond interest expense reported in 2018 will be used. the amount that would be reported if the straight-line method of amortization were (3) Determine the total cost of borrowing over the life of the bond. (Round answer to o decimal places, e.g. 38,548.) Total cost of borrowing over the life of the bond (4) Will the total bond interest expense for the life of the bond be greater than, the same as, or less than the total interest expense if the straight-line method of amortization were used? The total bond interest expense for the life of the bond will be used. he same as the total interest expense if the straight-line method of amortization were List Of Accounts Accumulated Depreciation Equipment Accumulated Depreciation Machinery Allowance for Doubtful Accounts Bad Debt Expense Bond Issue Expense Bonds Payable Buildings Cash Common Stock Debt Investments Depreciation Expense Discount on Bonds Payable Discount on Notes Payable Discount on Notes Receivable Equipment Equity Investments Gain on Disposal of Machinery Gain on Disposal of Land Gain on Disposal of Plant Assets Gain on Redemption of Bonds Gain on Restructuring of Debt Gain on Sale of Machinery Interest Expense Interest Payable Interest Receivable Interest Revenue Land Loss on Disposal of Land Loss on Redemption of Bonds Machinery Mortgage Payable No Entry Notes Payable Notes Receivable Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Premium on Bonds Payable Sales Revenue Unamortized Bond Issue Costs Unearned Revenue Unearned Sales Revenue Unrealized Holding Gain or Loss -Income