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The Marsallis Corporation issued 1,000,10 year, 10% stated interest bonds with a total face value of $1,000,000 on January 1,2019 . The interest is payable

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The Marsallis Corporation issued 1,000,10 year, 10% stated interest bonds with a total face value of $1,000,000 on January 1,2019 . The interest is payable each December 31 . The issue price was $887,020 bosed on the market rate of 12% at the date of issuance. Assuming the effective-interest amortization method is being used, the interest expense and remaining carrying value of the bond on December 31,2019 , after the payment of interest, rounded to the nearest whole dollar would be Mutiple Choice $106,442 and $893,462 $100.000 and $887,020 Cannot be determined with provided information. $111,298 and $898,3tB

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