answer both please

Question 1 Not yet answered On January 1 2020, Oriental Fragrances Company issues $1,000,000 face value, 8-year bonds with annual Interest payment of $62,500 to be paid each December 31. The market interest rate is 6.5 percent. Using the effective interest rate method of amortization, Oriental Fragrances is likely to record: (Wrong choices are penalized.) Points out of 5.00 P Flag question Select one or more: ma. An interest expense of $62,500 on its 2020 income statement b. A $64,011 cash inflow from investing activity on the 2020 statement of cash flows. C. An interest expense of $64,011 on its 2020 income statement d. A liability of $986,289 on December 31 2020 balance sheet. e. A liability of $984,778 on December 31 2020 balance sheet. Ef. A $64,011 cash outflow from operating activity on the 2020 statement of cash flows. 9. None of other choices. Question 2 Not yet Joyful Travel, Inc. needs to raise $20 million. If the company chooses to issue zero-coupon bonds and use the effective interest rate method, the carrying amount of the bond will most likely: answered Points out of 5.00 a Flag question Select one: Increase or decrease depending on the market condition. b. Increase as the maturity date approaches. C. None of other choices. d. Decrease as the maturity date approaches. e. Remain constant throughout the life of the bond