23 Lopez Plastics issued bonds on January 1, 2016. The face value of the bonds is $200,000. The bonds sold for $207,020. Cash paid isense is $7.000 with each of 8 payments. Interest expense from the first payment is $6.211 (rounded to nearest dollar). Lopez uses the effective Interest method of amortization. The amortization for the first payment will: a. decrease the premium on bonds payable by 5789 b. Increase the premium on bonds payable by 5789 c. Decrease the discount on bonds payable by 5789 OD. Increase the discount on bonds payable by 5789 e. none of the above