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14 of 33 View Policies -/1 E !!! Current Attempt in Progress Wildhorse Co. received proceeds of $731000 on 10-year, 8% bonds issued on January

14 of 33 View Policies -/1 E !!! Current Attempt in Progress Wildhorse Co. received proceeds of $731000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $776000, pay interest annually on December 31, and have a call price of 103. Wildhorse uses the straight-line method of amortization. What is the amount of interest expense Wildhorse will show with relation to these bonds for the year ended December 31, 2020? $57580 $58480 $66580 $62080 Save for Later Attempts: 0 of 1 used Submitimage text in transcribed

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