Question 18 0.5 pts On January 1, Wilson Production Corporation issued $4.500.000,6%, 8-year bonds for $5.105,947. Interest is payable annually on January 1. The effective interest rate on the bonds is 4%. Use the effective interest method to determine the amount of interest expense for the first year. $306,357 $180,000 $270,000 5204.238 $175.956 Question 19 0.5 pts Blue Box Inc. issues a $250,000,8%, 30-year mortgage note. The terms provide for annual installment payments of $22,207. What is the remaining unpaid principal balance of the mortgage payable account after the first annual payment? $248,510 $245,410 $247.793 $245,194 $248.166 Question 20 V Brown Box Inc. issues a $1,000,000, 11%, 20-year mortgage note. The terms provide for annual installment payments of $125,576. What is the remaining unpaid principal balance of the mortgage payable account after the second annual payment? 5967,135 $992.680 5985,929 $984957 $970.577