Computing Amounts under Effective Interest and Straight-Line Interest Methods For the following separate bond issues, assume that the bonds are sold on January 1, 2020, interest is paid semiannually on July 1 and December 31, and the bond term is 5 years. Complete the following schedule by measuring the bond selling price on January 1, 2020, and interest expense and interest paid for 2020. Note: Round your answers to the nearest whole dollar. 3 4 Face Value Stated Market Amortization Bond Selling Interest Interest Case of Bonds Rate Rate Method Price Expense 2020 Paid 2020 1 $35,000 596 696 Effective interest $ 0 $ 0 $ 0 2 140,000 496 596 Effective interest 0 0 0 3 455,000 596 496 Straight-line 0 0 0 4 1,750,000 096 796 Straight-line 0 0 0 5 280,000 796 696 Effective interest 0 0 6 350,000 696 896 Straight-line 0 0 0 0 0