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On January 1, Carla Vista Corporation issued $4180000,14%,5-year bonds with interest payable on December 31 . The bonds sold for $4509000. The market rate of

On January 1, Carla Vista Corporation issued $4180000,14%,5-year bonds with interest payable on December 31 . The bonds sold for $4509000. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Interest Expense is for $501600.$519400.$585200.$541080

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