Question: Please solve the question if you are completely sure about the solution, otherwise I will downvote it. Thanks. On January 1, Carla Vista Corporation issued

Please solve the question if you are completely sure about the

Please solve the question if you are completely sure about the solution, otherwise I will downvote it.

Thanks.

On January 1, Carla Vista Corporation issued $4180000,14%,5-year bonds with interest payable on December 31 . The bonds sold for $4509000. The market rate of interest for these bonds was 12%. On the first interest date, using the effective-interest method, the debit entry to Interest Expense is for $501600.$519400.$585200.$541080

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