Milan Company issued bonds with a face value of $387,000 on January 1, Year The bonds had a 5 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 f bond interest is paid semiannually each June 30 and December 31 (Do not round intermediate calculations.) a Total amount of interest 6. Total amount of interest