Sun City issues $42 million of bonds on January 1, 2021 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below: Cash Paid Interest Expense Decrease in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 Carrying Value $50,969,130 50,863, 65e 50,753,257 $1,890,000 1,890, eee $1,783,920 1,780,287 $106, ese 109,793 Required: 1. Were the bonds issued at face amount, a discount, or a premium? Premium Discount Face amount 2. What is the original issue price of the bonds? Original price Po e Search 3. What is the face amount of the bonds? Face amount 4. What is the stated annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.) Stated annual interest rate 5. What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.) Market annual interest rate earch 6. What is the total cash paid for interest assuming the bonds mature in 20 years? Interest paid 1 search