Milan Company issued bonds with a face value of $146,000 on January 1. Year 1. The bonds had a 8 percent stated rate of interest and a six-year term. The bonds were issued at face value Interest is payable on an annual basis. Required a. What total amount of Interest will Milan Company pay in Year 1 if bond interest is paid annually each December 31? b. What total amount of interest will Milan Company pay in Year 1 if bond interest is paid semiannually each June 30 and December 31? (Do not round intermediate calculations.) a. Total amount of interest b. Total amount of interest