On July 1, 2014 Bo twin Company issues $1,000,000, 10%, bonds payable due in 10 years. Use the slider below to select the relevant interest rate to answer the following questions. Balance Sheet Impact Bonds Payable, 10%, due June 30, 2024 (Face Value) Less unamortized discount Carrying Number of Bonds Payable, due June 30, 2024 If the market rate of interest is 12%, what is the issue price of the bonds payable? If the market rate of interest is 12%, what is the discount on the bonds payable? If the market rate of interest is 12%, what is the carrying amount of the bonds payable on the date of issuance? $ If the market rate of interest is higher than the contract rate of interest, the bonds will sell for - select your answer - their face value. If the market rate of interest is 14%, what is the selling price of the bonds payable? If the market rate of interest is 14%, what is the discount on the bonds payable? If the market rate of interest is 14%, what is the carrying amount of the bonds payable on the date of issuance? If the contract rate of interest remains constant, the amount of the discount when the bond is issued will - Select your answer - as the market rate of interest increases