2. 20.00 points On November 1, 2015, Davis Company issued $30,000, eight-year, 7% bonds for $29,440. The bonds were dated November 1, 2015, and interest is payable each on May 1 and November 1-Davis uses the straight-line method of amortization. How much is the semi-annual interest expense when the straight-line method of amortization is utilized? o $2,065. $2.170. o $2,030. $1,085. References