On June 30, 2021, Singleton Computers issued 5% stated rate bonds with a face amount of $160 million. The bonds mature on June 30, 2036 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually (2.5%) on June 30 and December 31, beginning on December 31, 2021. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Determine the price of the bonds on June 30, 2021. 2. Calculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the price of the bonds on June 30, 2021. (Enter your answers in whole dollars. Round percentage answers to one decimal place. Round your final answers to nearest whole dollar amount.) Table values are based on: n- Amount Present Value Cash Flow Interest Principal Price of bonds ne 30, 2021, Singleton Computers issued 5% stated rate bonds with a face amount of $160 million. The bonds mature on June 36 (15 years). The market rate of interest for similar bond issues was 4% (2.0% semiannual rate). Interest is paid semiannually on June 30 and December 31, beginning on December 31, 2021. (FV of $1. PV of $1. FVA of $1. PVA of $1. FVAD of $1 and PVAD (Use appropriate factor(s) from the tables provided.) mired: termine the price of the bonds on June 30, 2021. alculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 alculate the interest expense Singleton reports in 2021 for these bonds using the effective interest method. (Enter your nswers in whole dollars. Round your final answers to nearest whole dollar amount.) Period-End Cash Interest Bond Interest Paid Expense Premium Amortization Carrying Value 06/30/2021 12/31/2021