Question 4 When is interest expense less than the cash interest paid? when bonds are sold at a discount when bonds are sold at par when bolds are sold at a premium Question 5 2.5 pts A $300,000, ten-year, 8% bond issue was sold to yield 9% with interest payable annually at the end of the year. Actuarial information for 10 periods is as follows: 8% 9% Present value of 1 0.46319 0.42241 PV of ordinary annuity 6.71008 6.41766 PV of annuity due 7.24689 6.99525 What is the amount of the discount or premium recorded at the date the bonds are issued (rounded to the nearest dollar)? O $40.259 O $36,581 O $12,235 O $7,019 O $19.523