On January 1, Year 1, Victor Company issued bonds with a $575,000 face value, a stated rate of interest of 6%, and a 5 -year term to maturity. The bonds sold at 95 . Interest is payable in cash on December 31 of each year. Victor uses the straight-line method to amortize bond discounts and premiums. What is the amount of interest expense appearing on the income statement for the year ending December 31 , Year 3 ? Muttiple Choce $28750 940,250 534,500 smarrs On January 1, Yeat 1, Sheftleld Company issued bonds with a face value of $280,000, a term of ten years, and a stated interest rate of 6%. The bonds were issued at 105, and interest is payable each December 31 . Sheftield uses the straight-line method to amortize bond discounts and premiums. What is the carrying value of the bonds at December 31, Year A ? Multiple Chaice 5288.400 5265600 1200,060 125+1000