On September 1, 2021, Sam's Shoe Co. Issued $400,000 of 7% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount How much cash did Sam's receive upon sale of the bonds? (Do not round Intermediate calculations and round your final answer to nearest whole dollar.) Multiple Choice $414,000. $428,000. $404,667. $400,000. Jy On June 30, 2021, Moran Corporation Issued $11.5 million of its 10% bonds for $10.4 million. The bonds were priced to yield 12%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective Interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 2021? Multiple Choice $55,500. $49.000. $78.000. $47,500