On March 1, 2021, Stratford Lighting issued 10% bonds, dated March 1, with a face amount of $330,000. The bonds sold for $321,000 and mature on February 28, 2041 (20 years). Interest is paid semiannually on August 31 and February 28. Stratford uses the straight-line method and its fiscal year ends December 31.accrued interest on December 31, 2021 and interest on February 28, 2022.