on January 1, 2016,TATA Company issued $400,000 of 10-year, 12% bonds, The interest is payable semi-annually on June 30 and D 3, L. The issue price was $449.849 based on a 10% market interest rate. The effective-interest method of amortization is used. What is the boolk value of the bonds at the end of December 31,2016? remiom 41,84x 0.05 22,492 A. $400,000 B. $448,341 12, 000 22,492- 16,492 12 34,492 C. $446,758 $449,849 Use the following information to answer questions 4 and 5 Warner Company sold $4,000,000 of 6%-10-year bonds on January 1, 2018, for $3,463,193. The market interest rate is 89al and interest will be paid annually each December 31. The effective-interest method of amortization is used. The journal entry to record interest expense on December 31, 2018, will include a -DA) credit to Bond Discount for $37,055. FV,000,000 5. 1: 8 C) credit to Bond Discount for $32,208. N: Io