4 IN-CLASS ACTIVITY Week 3 1 posts Seved On January 1, 2021, a company issued 8% bonds with a face amount of $565,000 On issue date, the market rate for bonds of similar risk and maturity was 11% The bonds were issued for $458,358 Interest is paid semiannually on June 30 and December 31 The bonds mature in 11.0 years (22 semiannual periods). Help Save & Exit Submi (Round your final answers to the nearest whole dollar [when the rounding digit is 0.5 or above, round up; otherwise, round down]) Clues References Across A. Calculate the periodic cash interest payment to bondholders [Answer: $22.600, already filled in for illustration] B. Calculate the initial balance of the discount account (on issue date). Down: C. Using the effective interest method, calculate the amount of interest expense recorded on June 30, 2 2 60 0