No-More-Caviar Corporation issued ten-year term bonds on January 1, 2020, with a face value of $800,000. The face interest rate is 6 percent and interest payable semi- annually on June 30th and December 31st. The bonds were issued for $690,960 to yield an effective annual interest rate of 8 percent. The effective interest method of amortization is to be used. What amount of interest expense should be recorded on the journal entry to record the second instalment of interest payment on December 31, 2020. 1 POINT What amount of interest expense should be recorded on the journal entry to record the second installment of interest payment on December 31, 2020. Determine the amount of unamortized bond discount to be written off on the second instalment of interest payment date on December 31, 2020 Determine the carrying value of the bonds on Dec 31, 2020