O Corp issues 5%, 20-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5%. Interest is paid annually. 1. $ _How much will be paid in interest each interest payment? 2. $ (rounded to nearest dollar). What is the present value of the interest payments? 3. $ What is the issue price of the bond? Use the following to answer questions 4 - 7 (Round answers to the nearest dollar) TR issues 6.0%, 10-year bonds with a total face amount of $1,500,000. The market interest rate for bonds of similar risk and maturity is 5.9%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET (input your answers after you've completed the entire problem). 4. S (rounded to nearest dollar). What is the issue price of the bond? 5. S (rounded to nearest dollar), When the company records the first interest payment, how much will the company record for interest expense? 6. $ payment? (rounded to nearest dollar). What is the bond liability (carrying amount) after the first interest 7. S (rounded to nearest dollar). When the company records the second interest payment, how much will the company record for interest expense