Taylor Corporation issued $4,000,000, 10-year, 6% bonds on January 1, 2012. The bonds were issued @ 86.37 to yield an effective market rate of 8%. Interest is payable annually on January 1. Financial statements are prepared on December 31st b. Calculate the cash received from the sale of these bonds if they had been issued at 102 instead of 86.37. c. a. Calculate the interest to be paid every year on this bond issuance. If the bonds had been issued at 102 instead of 86.37, what amount of interest would be paid every year? Unamortized Discount Interest Period sue Date Bond Interest Cash Payment Bond Interest Expense Discount Amortization Carrying Value ./31