200-10) Using straight-line amortization, when a bond is sold at a discount: A) Bonds Payable declines by a constant amount each year. B) Interest Expense declines by a constant amount each year. C) the carrying value of the bonds declines by a constant amount each year. D) Interest Expense is a constant amount each year. 201-11) A company issued 10-year, 7% bonds with a face value of $100,000. The company received $97.947 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first annual interest period is: A) $7,000.00 B) $7,205.30 C) $6,794.70 D) $2.053.00