Use the following to answer questions $4-7($Round answers to the nearest dollar$)$

The company issues $7\mathrm{.}4\%,5-$year bonds with a total face amount of $$100,000.$ The market interest rate for bonds of

similar risk and maturity is $7\mathrm{.}6\%.$ Interest is paid semi$-$annually. DO NOT ROUNO YOUR ANSWERS UNTIL YOU FULLY

COMPLETE THE PROBLEM SET $($input your answers after you've completed the entire problem$).$

$($rounded to nearest dollar$).$ What is the issue price of the bond?

$177$

$($rounded to nearest dollar$).$ When the company records the first interest payment, how much will

the company record for interest expense?

$($rounded to nearest dollar$).$ What is the bond liability $($carrying amount$)$

rounded to nearest dollar$).$ When the company records the second interest payment, how much will

the company record for interest expense?