Question 4 of 6 0.13/1 View Policies Show Attempt History Current Attempt in Progress Crane Corporation issued $260,000 of 5-year bonds on April 1, 2020. Interest is paid semi-annually on April 1 and October 1. Below is a partial amortization schedule for the first few years of the bond issue. Semi-Annual Interest Period Apr.1, 2020 Oct. 1, 2020 Apr 1, 2021 Oct. 1. 2021 Apr 1, 2022 Oct. 1, 2022 Apr. 1.2023 Interest Interest Bond Payment Expense Amortization Amortized Cost $271,989 $5,200 $4,080 $1,120 270,869 5,200 4,063 1.137 269,732 5.200 4,046 1,154 268,578 5,200 4,029 1,171 267,407 5,200 4,011 1.189 266,218 5.200 3.993 1.207 265,011 Address N 0715940be/qu. mpt 15 HOMEWORK (FOR MARKS) Question 4 of 6 What will the bonds' amortized cost be at the maturity date? Bond amortized cost $ e Textbook and Media Assistance e Textbook List of Accounts X Your answer is incorrect. What will be the total interest payment over the five-year life of the bonds? Total interest expense