3) Still assume that the price of the bonds on the issue date was $276,615.000, and the market rate was 5%. But now, assume Tyche uses the straight line method of accounting for the bond. What total interest expense would Tyche recognize for 2020? (Hint: Recording the Issuance and year-end adjusting entry under this method might help.) a) $ 3,457,700. b) $ 3,584,600. c) $3,000,700. d) $ 7,169,200. 4) Still assume that the price of the bonds on the issue date was $276,616,000, the market rate was 5%, and that Tyche uses the straight-line method of accounting for the bond. What amount would Tyche report for its net bond liability balance (“carrying value” or “book value”) after its first interest payment on March 31, 2021? (Hint: Recording the issuance, year-end adjustment, first interest payment, and the T-Chart for the discount might help.) a) $ 299,415,400. b) $ 298,830,800. c) $277,200,600. d) $ 277,785,200.

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