Patty's Burger's & Fries issued bonds with a face value of $750,000,000 on January 1 of this year with a stated Interest rate of 5 percent. At issuance, the annual market rate of Interest was 4 percent. The debt matures In 10 years, with semiannual Interest payments on June 30 and December 31. (FV of $1. PV of $1, FVA of $1, and PVA of $1) Round Intermediate calculations and final answers to whole dollars. Required: 1. What was the issue price on January 1 of this year? Issue price 2. What amount of interest expense should be recorded on June 30 and December 31 of this year? Interest expense June 30 December 31 3. What amount of cash interest should be paid on June 30 and December 31 of this year? June 30 December 31 Cash paid 4. What is the book value of the bonds on June 30 and December 31 of this year? Bonds payable June 30 December 31