Madrid Company issued $200,000 face value of bonds payable at 102 plus accrued interest on May 1, 20X0. The bonds were dated March 1, 20X0, and bear interest at a stated annual rate of 8% payable semiannually on March 1 and September 1. What amount did Madrid receive from the issuance of the bonds? (a) $202,667 (b) $200,000. (c) $206,667. (d) $204,000 6. Brussels Corporation has a 7% bond issue outstanding. The face amount of the issue is $200,000, was originally sold to yield 6%, and pays interest annually on December 31 of each year. Brussels uses the effective interest method to amortize bond premium or discount. On January 1, 20X0, the carrying amount of the bonds is $210,000. What amount of unamortized premium on this bond issue should Brussels report on its December 31,20XO balance sheet? (a) S8,600. (b) $12,600. (c) $14,700. (d) $10,000. 7