The fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 5% bonds with a face amount of S500,000 on November 1, 2012, The bonds sold for $442,215, a price to yield the market rate of 6%. The bonds mature October 31, 2031 (20 years Interest is paid semiannually on April 30 and October 31 Required: 1. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2012? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Interest expense s 4424 2. What amount(s) related to the bonds will LHD report in its statement of financial position at December 31, 2012? (Do not round Intermediate calculations. Round your answers to the nearest dollar amount.) Bonds payable Interest payable $442470 4167 3. What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2013? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Interest expense S 26571 4. What amount(s) related to the bonds will LHD report in its statement of financial position at December 31, 2013? (Do not round intermediate calculations. Round your answers to the nearest dollar amount.) Bonds payable Interest payable $ 444041 References MA27 oVO