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Interest Periods Issue date 1 2 Interest to Be Paid $38,700 38,700 Interest Expense to Be Recorded $41,340 41,472 Discount Amortization $2,640 2,772 Unamortized Discount

Interest Periods Issue date 1 2 Interest to Be Paid $38,700 38,700 Interest Expense to Be Recorded $41,340 41,472 Discount Amortization $2,640 2,772 Unamortized Discount $33,203 30,563 27,791 Bond Carrying Value $826,797 829,437 832,209

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