10 Hermosa Vista Company issued $100,000 5-year, 7.00% bonds and received $101,137 in cash. The market rate of interest when the bonds were issued was 6.50%. What is the amount of interest expense to be recorded for the first annual interest period if the company uses simplified effective-interest amortization? 0.5 points Multiple Choice $6,500.00 $6,573.91 $7,079.59 $7,000.00