Sun City issues $50 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 Decrease in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 Interest Expense $1,936,857 1.936,857 1,934,647 Carrying Value $55,338,768 55,275,625 55,210,272 $2,000,000 2,000,000 $63,143 65,353 Required: 1. Were the bonds issued at face amount, a discount, or a premium? 2. What is the original issue price of the bonds? 3. What is the face amount of the bonds? 4. What is the stated annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.) (Round your answer to 1 decimal place.) 5. What is the market annual interest rate? (Hint: Be sure to provide the annual rate rather than the six-month rate.) (Round your answer to 1 decimal place.) 6. What is the total cash paid for interest assuming the bonds mature in 20 years? 1. Were the bonds issued? 2. Original price 3. Face amount 4. Stated annual interest rate 5. Market annual interest rate % %