Sun City issues $49 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	Interest	Decrease in	Carrying
Date	Paid	Expense	Carrying Value	Value
01/01/2021				$	57,407,952
06/30/2021	$2,940,000	$2,870,398	$69,602		57,338,350
12/31/2021	2,940,000	2,866,918	73,082		57,265,268

Required: 1a. Were the bonds issued at face amount, a discount, or a premium?

1b.What is the original issue price of the bonds?

1c.What is the face amount of the bonds?

1d.What is the stated annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.)

1e.What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.)

1f.What is the total cash paid for interest assuming the bonds mature in 20 years?