L. Red Cub Corp. issued $700,000, 10 % bonds on January 1, 2018 when the market rate was 12%. The fifteen year bonds pay interest semiannually on June 30 and December 31 and interest is amortized using the effective interest method. Fiscal year end is 12/31. (Use effective interest and SHOW your amortization table). How much cash (proceeds) did Red Cub Corp. receive on January 1, 2018? a. The amount of interest accrued in fiscal year 2018 was? b. What is the book value of this liability on Dec. 31, 2018