Use the information below to answer questions $11-13$

Coldwater Inc. issues $$575,000$ of $4\%,$ eight$-$year bonds for cash proceeds of $$502,774.$ The market interest rate is $6\%.$ Interest is paid semi$-$annually

To the nearest dollar, how much bond interest expense is recorded on the first interest date?

a$.$ $$11,500$

b$.$ $$15,083$

c$.$ $$17,250$

d$.$ $$3,583$

Clear my choice

To the nearest dollar, what is the carrying amount of the bonds after the first interest payment?

a$.$ $$506,357$

b$.$ $$507,802$

c$.$ $$499,191$

d$.$ $$575,000$