oinb Ol the debt at. January 1, Year 3 December 31, Year 3 L. (1 point) (1 point) Il. Part -3: (8 points) On Jan. 1st, 2018, General Electric issued 6% stated rate bonds with a face amount of $100 million. The bonds mature on June 30, 2038 (20 years). The market rate of interest for similar issued bond is 5%. Interest is paid semiannually on June 30, and December 31, yearly beginning June 30, 2018. 1n i. What was the price of the bond issue? i. What amount of interest expense will General Electric record for the bonds year (4 points) ended December 31t 2019? (4 points) End ofExam#2 Worksheet for Answers