Milan Company issued bonds with a face value of $325,000 on January 1 Year 1. The bonds had a 4 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 312 (Do not round intermediate calculations.) a Total amount of interest b. Total amount of interest