On January 1, 2020, Jamelle, Inc. issued $500,000 face amount, 5% stated interest rate, 12-year bonds which pay interest semi-annually on June 30 and December 31. The market rate of interest was 6%, and the issue price of the bonds was $457,661. How much interest expense would Jamelle record on June 30, 2020? $14.904 $12,500 $13,730 $11,992 Question 44 3 pts Mason Corp. purchased equipment at a cost of $74,000. The residual value is $4,000, and annual depreciation expense is $10,000. The asset's book value at the end of the second year would be: $64.000 $50,000 $54,000 $60,000