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Mo's Motor Corp. issued $370,000 of 4.5%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April

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Mo's Motor Corp. issued $370,000 of 4.5%, 5-year bonds on April 1, 2021. Interest is payable semi-annually on April 1 and October 1. On April 1, 2023, immediately after making and recording th semi-annual interest payment, Mo's redeemed the bonds. Below is a partial amortization schedule for the first few years of the bond issue. Mo's Motor Corp. Bond Discount Amortization Schedule Interest Payment Interest Expense Amortization Interest Period 01-Apr. 2021 01-Oct. 2021 01-Apr. 2022 01-Oct. 2022 01-Apr. 2023 $8,325.00 $9,735.44 8,325.00 9,774.22 8,325.00 9,814.08 8,325.00 9,855.03 $1,410.44 1,449.22 1,489.08 1,530.03 Bond Amortized Cost $354,015.86 355,426.30 356,875.52 358,364.60 359,894.63 Your answer is correct. Were the bonds issued at a discount or at a premium? The bonds were issued at a discount x Your answer is incorrect. Try again. What will be the bond's amortized cost at the maturity date? Amortized cost 359,894.63

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