O c. 21,062 O d. 13,366 Bond Question CH14: On June 30, 2017, TAHOE Corp. issued $500,000 face value of 10%, 3-year bonds. The yield rate (market interest rate) is 12%. TAHOE uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. The first payment is December 31, 2017. * (Round answers to the nearest dollar) I acknowledge that the present value calculation can vary depending on what you use (i.e., financial calculator vs. time value of money table). Please mark the closest answer when you find a difference (less than 10 dollars value) between your calculation and the choices. Present value of Single Sum N 5% 6% 10% 12% 3 0.8638 0.8396 0.7513 0.7118 4 0.8227 0.7921 0.6830 0.6355 5 0.7835 0.7473 0.6209 0.5674 6 0.7462 0.7050 0.5645 0.5066 Present value of Ordinary Annuity N 5% 6% 10% 12% 3 2.7233 2.6730 2.4869 2.4018 3.5460 3.4651 3.1699 3.0374 4.3295 4.2124 3.7908 3.6048 6 5.0757 4.9165 4.3553 4.1114 How much is the interest expense reported in the income statement for 2018? Select one: O a. 28,525 O b. 56,118 c. 28,736 O d. 57,697