On January 1,2014 Abc company issued a $650000, 10% , 8year bond for 527193.57 since the effective interest rate was 14% . Interest is payable on January 1st and july 1st . Abc company uses the effective -interest method to amortize all premiums and discounts Instructions Based on the above given information, answer the following question 1. What is the bond's carrying value as 31/12/2014? 2.how much interest expenses should be recorded on January 1st,2015 ? 3. How much interest expenses should be recorded on July 1st,2015 ? 4. At what value should the bond payable account be presented in the non-current liability