Problem 14-4 Bond amortization schedule [LO14-2] On January 1, 2016, Tennessee Harvester Corporation issued debenture bonds that pay inte semiannually on June 30 and December 31. Portions of the bond amortization schedule appe Cash Effective Increase in Outstanding Payment Interest Balance Balance 7,218,650 270,000 288,746 18,746 7,237,396 19,496 7,256,892 20,2767,277,168 21,087 7,298,255 21,9307,320,185 22,807 7,342,992 270,000 289,496 270,000 290,276 270,000 291,087 270,000 291,930 270,000 292,807 6 38 39 40 270,000 350,010 270,000356,539 80,0108,830,251 83,.2108,913,461 86,5399000,000 Required: 1. What is the face amount of the bonds? 2. What is the intial selling price of the bonds? initial seiling price What is the term to maturity in years