Question 26 (1 point) Barney Inc. has a December 31 fiscal year. On April 1, year 1, Barney Inc. issued bonds that pay interest on September 30 and March 31. The bonds were issued for $ 120000. The bonds have a face value of $ 81000. The bonds pay interest at an annual interest rate of 9 %. The annual market rate on the bonds at the time they were issued was 4 %. The current annual market rate on bonds is 8 %. Calculate interest expense on the bonds for the year ended December 31, year 1. Round your answer to the nearest dollar. (Please note that you do not require present value tables to answer this question so their omission is deliberate.) Your Answer: Answer Question 17 (1 point) Cash had a beginning dr balance of $200000 at the beginning of the month. During the month, cash was debited $25000 and credited $40000. What is the balance of cash at the end of the month? Your Answer: Answer MacBook Pro