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NoleCo issues bonds on January 1, 2020. The bonds mature twenty years from this date and pay interest semi-annually on June 30 and December 31

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NoleCo issues bonds on January 1, 2020. The bonds mature twenty years from this date and pay interest semi-annually on June 30 and December 31 each year. The face value of the bonds is $1,000,000 and the coupon/stated rate is 8%. The market rate on the issue date is 10%. The bonds were issued for $828,409. Required: Complete the three parts below. Part A: The interest expense that NoleCo should recognize on June 30, 2020 is: O$50,000 O$40,000 O$41,420 O$42,240 O$33,136 Part B: The interest expense that NoleCo should recognize on December 31, 2020 is: O$42,302 O$41,349 O$40,000 O$41,491 O$33,288 Part C: The carrying value of these bonds on December 31, 2020 (after the interest payment on that date) is: O$828,409 O$1,000,000 O$822,894 O$832,951 O$831,320

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