Maxwell Manufacturing issued $440,000, 10-year, 9% bonds at 106.00. What is the issue price of these bonds?

$440,000

$413,600

$479,600

$466,400

Maxwell Manufacturing issued $390,000, 10-year, 9% bonds at 107.25.

What is the total amount of interest expense that will be recorded over the life of these bonds?

• $322,725

• $425,100

• $418,275

• $390,000