Question 41 (2 points) Patton Corporation issued on 12/31/18 $100,000 of 6 year, 12% bonds at 107.732 Interest is paid on semiannual interest dates. Straight line method of amortization is to be used. What are the proceeds on the sale of this bond issue? 1) $107,732 2) $100,773 3) $100,000 4) $ 92,268 Question 42 (2 points) Patton Corporation issued on 12/31/18 $100,000 of 6 year, 12% bonds at 107.732 Interest is paid on semiannual interest dates. Straight line method of amortization is to be used. After one year (or two interest periods), what is the carrying value of the bonds? 1) $109,021 2) $100,000 3) $106,443 O 4) $107,732 Question 43 (2 nts) Patton Corporation issued on 12/31/18 $100,000 of 6 year, 12% bonds at 107.732 Interest is paid on semiannual interest dates. Straight line method of amortization is to be used. What is the total interest cost of the bonds? 1) $ 79,732 2) $ 72,000 3) $ 64,268 4) $ 144,000