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. Face Value Stated Market Amortization Bond Selling Interest Interest Case of Bonds Rate Rate Method Price Expense 2020 Paid 2020 1 $20,000 596 696 Effective interest $ $ $ 2 80,000 496 596 Effective interest 3 260,000 5% 4% Straight-line st 4 1,000,000 0% 796 Straight-line 5 160,000 7% 696 Effective interest 6 200,000 696 896 Straight-line