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2. Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2011. They have a ten-year term and pay interest semiannually. This is the partial

2. Prescott Corporation issued ten thousand $1,000 bonds on January 1, 2011. They have a ten-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. PaymentCashEffective Decrease in Outstanding InterestBalance Balance 11.487,747 55,368 11.432.379 57,029 11.375,350 8,73911.316,611 400,000344632 400,000342.971 400000 341.261 400,000 What is the interest expense on the bonds in 2012? A. $342,961 B. $800,000 C. S119,241 D. $680,759

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