= Part 1 of 6 Points: 0 of 4 County Bank has $550 000 of 10% debenturo bonds outstanding. The bonds were issued at 103 in 2018 and mature in 2038 The bonds have annual interest payments Read the requirements Requirement 1. How much cash did County Bank receive when it issued these bonds? County Bank received at bond issuance 0 Requirements 1. How much canh did County Bank receive when it issued these bonds? 2. How much cash in fotol will County Bank pay the bondholders through the maturity date of the bonds? 3. Calculate the difference between your answers to requirements 1 and 2 This difference represents County Bank's total interest expense over the life of the bonds 4. Compute County Bank's annual interest expense using the straight-line amortization method Multiply this amount by 20 Your 20 year total should be the same as your answer to requirement 3