On January 2, 2023, Sunland Ltd. sold five-year, 4% bonds with a face value of $519000. Interest will be paid semi-annually on June 30 and December 31. The bonds were sold for $496289 to yield 5%. Using the effective interest method of amortization of bond discount or premium, interest expense for 2023 is $20760. $24865. O $12407. $25950. On January 1, 2023, Blossom Corp. issued eight-year, 3% bonds with a face value of $624000, with interest payable semi-annually on June 30 and December 31. The bonds were sold to yield 4%. Table values are: Present value of 1 for 8 periods at 3% 0.789 Present value of 1 for 8 periods at 4% 0.731 Present value of 1 for 16 periods at 1.50% 0.788 Present value of 1 for 16 periods at 2.00% Present value of annuity for 8 periods at 3% Present value of annuity for 8 periods at 2.00% 0.728 7.020 7.325 Present value of annuity for 16 periods at 1.50% 14.131 Present value of annuity for 16 periods at 2.00% 13.578 The present value of the principal is $454272. $492336. $491712. $456144. (Ctrl)