QUESTION 6 On January 1, 20Y5, McDonald Corporation issued $1,800,000 of 7% SERIAL bonds that mature in equal amounts at the end of each year for the next five years. Interest is payalble annually on December 31 of each year. The bonds issued to yield 6%. What is the issue price of the bonds? QUESTION 7 On January 1, Williams Corporation issued $600,000 of 4%, 16-year bonds that pay interest semi-annually on June 30 and December 31. The bonds were issued to yield 6%. What will be the issue price of the bonds? QUESTION 8 On January 1, 2021, Sole Man Shoe Repair Corporation issued 17,000 of its 7%, $1,000 bonds at 98. Interest is payable semiannually on June 30 and December 31. The bonds mature on December 31, 2030. Sole Man uses straight-line amortization of any premium or discount. What is interest expense for 2022?