Sunset Industries Ltd. borrowed money by issuing a $40,000 6.7%, 10-year bond. Assume the issue price was 97 on September 1, 2020 1. How much cash did Sunset Industries receive when it issued the bond? 2. How much must Sunset Industries pay back at maturity? When is the maturity date? 3. How much cash interest will Sunset Industries pay each six months? Carry the interest amount to the nearest cent 4. How much interest expense will Sunset Industries report each six months? Assume the straight-line amortization method, and carry the interest amount to the nearest cent. 1. How much cash did Sunset Industries receive when it issued the bond? Sunset Industries received when the bond payable was issued. C Enter your answer in the answer box and then click Check Answer. . 4 parts remaining Clear All Check Answer Answord days ago