ABC Company issues $$575,000$ of bonds on January $1,2023$ that pay interest semiannually on June $30$ and December $31.$ A portion of the bond amortization schedule appears below:

Date

$01/01/2023$

$06/30/2023$

$12/31/2023$

Cash Paid

Interest Expense

$$31,625$

$31,625$

$$31,905$

$31,921$

Change in

Carrying Value

$$280$

$296$

Carrying

Value

$$531,742$

$532,022$

$532,318$

Required:

What is the original issue price of the bonds?

O $$531,742$

$$ $$575,000$

$$ $$532,022$

$$ $$606,625$

What is the stated interest rate?

$11\mathrm{.}0\%$

$12\mathrm{.}0\%$

$6\mathrm{.}0\%$

$05\mathrm{.}5\%$

What is the market interest rate?

$11\mathrm{.}0\%$

$12\mathrm{.}0\%$

$6\mathrm{.}0\%$

$5\mathrm{.}5\%$

What is the interest expense reported on June $30,2024?$

$0$ $$31,939$

O $$31,625$

$$ $$31,958$

$$ $$31,921$