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Question 10 Not yet answered Points out of 8.00 For the next 3 Questions: Round your answer to the nearest dollar, such as 12345. (No need to write $ as $ is already in front of the box.) (Allowance is set + or - $1.) $ Use the effective interest rate method. The following information pertains to a bond issue of the WWX Corporation: Maturity value: $1,000,000 Maturity date: December 31, 2023 Flag question Stated interest rate (Coupon rate): 5.25% Interest payments are made annually on December 31st Date of issue: January 1, 2016 Effective market interest rate (Yield to maturity) at issue: 4.75% VWX financed $ by this bond issue on January 1, 2016. (Assume there was no expenses on issuing the bond.) The VWX's interest expense in 2021 is $ Question 11 Not yet answered Points out of 8.00 P Flag question Question 12 Not yet answered On December 31, 2021, when the market interest rate (=the yield to maturity) of the bond is 4.20%, VWX de-recognized entire bond by paying the market value + $5,000. Points out of 8.00 Determine the amount of the gain or loss on the bond de-recognition. Assume the coupon is paid before the bond de-recognition, and the bond was completely repurchased on 12/31/2021. Flag (If it is a loss, express the amount by a negative number using - sign in front of the amount, such as -123.) question