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Bond Question CH14: On June 30, 2017, TAHOE Corp. issued $500,000 face value of 10%, 3-year bonds. The yield rate (market interest rate) is 12%. TAHOE uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest on June 30 and December 31. The first payment is December 31, 2017. (Round answers to the nearest dollar) * I acknowledge that the present value calculation can vary depending on what you use (i.e., financial calculator vs. time value of money table). Please mark the closest answer when you find a difference (less than 10 dollars value) between your calculation and the choices. Present value of Single Sum N 5% 6% 10% 12% 3 0.8638 0.8396 0.7513 0.7118 4 0.8227 0.7921 0.6830 0.6355 5 0.7835 0.7473 0.6209 0.5674 6 0.7462 0.7050 0.5645 0.5066 Present value of Ordinary Annuity 5% 6% 10% 12% 3 2.7233 2.6730 2.4869 2.4018 4 3.5460 3.4651 3.1699 3.0374 4.3295 4.2124 3.7908 3.6048 6 5.0757 4.9165 4.3553 4.1114 How much is the interest expense reported in the income statement for 2018? Select one: O a. 28,525 O b. 56,118 c. 28,736 d. 57,697