20 Swed Help Save & Exit Submit A company issued 5 year, 7% bonds with a par value of $100,000. The market rate when the bonds were issued was 65%. The company received $102,105 cash for the bands. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest periodis: Multiple Choice $3.613,70 6 56.63320 $320.50 $7,000.00 Saved Turpre CICE $3,613,70. $6,633.70 $3.289.50. $7,000.00 $3,500.00