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Wonder Woman Corporation issued bonds on January 1, 2020. Wonder Womans fiscal year end is December 31. Wonder Womans accountant, Diana Prince, projected the following

Wonder Woman Corporation issued bonds on January 1, 2020. Wonder Womans fiscal year end is December 31. Wonder Womans accountant, Diana Prince, projected the following amortization schedule from issuance until maturity:

Date

Cash payment for interest

Interest

expense

Change in liability balance

Outstanding bond liability balance, End of period

1/1/20

107,486

6/30/20

2,500

1,612

-888

106,598

12/31/20

2,500

1,599

-901

105,697

6/30/21

2,500

1,585

-915

104,783

12/31/21

2,500

1,572

-928

103,854

6/30/22

2,500

1,558

-942

102,912

12/31/22

2,500

1,544

-956

101,956

6/30/23

2,500

1,529

-971

100,985

12/31/23

2,500

1,515

-985

100,000

What is the annual coupon rate of interest for these bonds (in %)? [Note: Round to the nearest percent, meaning your answer should be in the form X (for X%) or 0.0X.]

What is the annual market rate of interest for these bonds (in %)? [Note: Round to the nearest percent, meaning your answer should be in the form X (for X%) or 0.0X.]

What is the bond liability balance (in $) that will appear on the 2022 year-end Balance Sheet?

What is the total interest expense (in $) that will appear on the 2022 annual Income Statement?

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