Sun City issues $5 million of bonds on January 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 $56,894,267 06/30/2021 $1,785,000 $1,706,828 $78, 172 56,816,895 12/31/2021 1,785,000 1,704,483 80,517 56,735,578 35:56 Required: 1. Were the bonds issued at face amount, a discount, or a premium? Premium Face amount Discount 2. What is the original Issue price of the bonds? Answer is complete and correct. Ongina one 56,894,267 3. What is the face amount of the bonds? Answer is complete but not entirely correct. Fac $ 60,000,000 4. What is the stated annual interest rate? O inte sure to provide the annual rote rather than the she month rate) Answer is complete but not entirely correct. Return to question 13 3. What is the face amount of the bonds? Answer is complete but not entirely correct. Face amount $ 50,000,000 02:35:38 4. What is the stated annual Interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate) Answer is complete but not entirely correct. 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) Answer is complete but not entirely correct. Market annual interest rate 6. What is the total cosh paid for interest assuming the bonds mature in 20 years? Answer is complete and correct. Interest and 71,400,000