41 31.010.000 dested year, 7% A company issued 5-year, 7% bonds with a par value of $1,000,000. The market rate when the bonds were issued was 6.5%. The company received $1,010,000 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest period is: Skipped Multiple Choice $34,000. $36,000. O $35,000 O $69,000. $69,000 $70,000