Problem 14-4 Bond amortization schedule (LO14-2] On January 1, 2018, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31 Portions of the bond amortization schedule appear belowa Cash Payment Elective Interest Increase in Balance 332,808 332.000 332.003 332.000 332.888 332.ee 348 139 349 107 353134 351,222 352,375 35359 16,139 17, 187 18.134 19,222 20,375 21 598 Outstandine Balance 5.822, 315 5,818,454 5,835,561 5,353,695 5.872,917 5,893,292 5,914,890 332,000 337.009 332,003 479,739 488,607 139,377 147,739 156,607 7,995.654 8. 143.393 8,308,000 Required: 1. What is the face amount of the bonds? 2. What is the initial selling price of the bonds? 3. What is the term to maturity in years 4. Interest is determined by what approach 5 What is the stated annual interest rate? 6. What is the effective annual interest rate? 7. What is the total cosh interest paid over the term to maturity? 8. What is the total effective interest expense recorded over the term to maturity Face amount initial selling price Term to maturit Interest is determined by what approach? Annual trest rate Efective annual interest rate Total cash interest paid Effective interest expense 2