On January 1, 2013, a corporation issued $500,000, 6%, 10-year bonds for $581,771. The bonds pay interest semi- annually on June 30 and December 31. The market rate of interest is 4%. Draw a table to prepare a bond amortization schedule and answer the following question. (Round your answers to the nearest $) What is the total cost to borrow over the life of the bond? $281.771 $118,229 $300,000 $381,771 O $218,229