Marion Estate Company issues $10 million in bonds on January 1, 2021 that pay interest semi-annually on June 30 and December 31. A portion of the bond amortization schedule appears below: Date Interest Expense Increase in Carrying Value Carrying Value Cash Paid ile 01/01/2021 $8,800,000 06/30/2021 $ 400,000 $440,000 $ 40,000 8,840,000 12/31/2021 400,000 442,000 8,882,000 What is the face amount of the bonds? $8,882,000 $10,000,000 $8,840,000. O $10,500,000 $8,800,000 Question 13 3.75 pts On January 1, 2021, White River Conservancy issues $470,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $438,064. How much interest expense was recorded on December 31, 2021? O $17,656. O $17.610. O $17,565. O $16,450. O $17,523