Required information [The following information applies to the questions displayed below.] On January 1 of this year, Nowell Company issued bonds with a face value of $220,000 and a coupon rate of 8.0 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31 . When the bonds were sold, the annual market rate of interest was 8.0 percent. (FV of $1, PV of $1, FVA of $1, and PVA of $1 ) Note: Use appropriate factor(s) from the tables provided. 3. What amount of cash is owed to investors on June 30 and December 31 of this year? Answer is complete but not entirely correct