Question: Use the following to answer 24-25 TIM issued bonds with a stated rate of 9%, face amount $100,000 for $102,003 when the market rate was

Use the following to answer 24-25 TIM issued bonds with a stated rate of 9%, face amount $100,000 for $102,003 when the market rate was 8.5% with interest of $4,500 paid semiannually on June 30 and December 31. 24. On June 30th when TIM makes his first interest payment, what will the company record as interest expense? $ (rounded to nearest dollar) a. 25. On June 30th when TIM makes his first interest payment, what will the company record as the bond liability after interest expense is recorded? \$ (rounded to nearest dollar) a

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