QUESTION 35 On January 1, 2020 Mercy Grace Hospital issued five-year bonds with a face value of $800,000 and a stated interest rate of 12% payable semiannually on July 1 and January 1. The bonds were sold to yield 10%. Present value table factors are: Present value of 1 for 5 periods at 10% 62092 Present value of 1 for 5 periods at 12% 56743 Present value of 1 for 10 periods at 5% 61391 Present value of 1 for 10 periods at 6% 55839 Present value of an ordinary annuity of 1 for 5 periods at 10% 3.79079 Present value of an ordinary annuity of 1 for 5 periods at 12% 3.60478 Present value of an ordinary annuity of 1 for 10 periods at 5% 7.72173 Present value of an ordinary annuity of 1 for 10 periods at 6% 7.36009 Determine 1. Present value of the principal 2. Cash Interest payments semiannually 3. Present value of the Interest payments 4. Issue price of the bonds. 5. Assume that you computed issue price of the bonds to be 650,000. Compute interest expense to be recorded for the six months ended June 30, 2020 Express your answer as an integer without sign (Round all computations to the nearest dollar. For example, Input "100.000 if your answer is $100,000 22) for example, Input 100,000" if your answer is $100,000 22)