On January 1, 2019 Trout Corp. issued bonds with a maturity value of $9,000. The bonds mature at the end of six years and pay interest annually. The bonds have an annual stated rate of 7%. The market interest rate on 1/1/2019 was 8%. Which of the following is a false statement? Multiple Choice Each year Trout will pay $720 cash to the owners of the bonds. The bond was issued at a discount and the balance in the Bonds Payable account is $9,000. o Trout is the lender. The bond purchaser is the borrower. The cash payment at the end of year 6 totals $9,720