QUESTION INFORMATION: On January 1, 2020, Annapolis Company issued 10-year bonds with a face value of $400,000, an 8% stated rate of interest, and a 10% market rate of interest. Annapolis uses the effective interest method of amortization. Interest is paid annually on December 31. QUESTION TO ANSWER: Rounded to the nearest dollar, the bond issuance price on January 1, 2020 is $ O $381,902 O $422,619 $368,939 O $453,679 $350,842