Question 16 (4 points) 1. A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective interest amortization, how much interest expense will be recognized in 2017? a) $1,560,000 b) $1,568,498 OC) $780,000 d) $1,568,332 Question 17 (4 points) Pierson Corporation owned 15,000 shares of Hunter Corporation. These shares were purchased in 2017 for $135,000. On November 15, 2021, Plerson declared a property dividend of one share of Hunter for every ten shares of Pierson held by a stockholder. On that date, when the market price of Hunter was $28 per share, there were 135,000 shares of Pierson outstanding. What gain and net reduction in retained earnings would result from this property dividend? Gain Net Reduction in Retained Earnings a) so $121,500 blesse 3