44 e ves a nd changes was being ch .600, wat is the ending $22.000 4450 MacBook Pro On January 1 of Year 1, ABC Company issued $3,100,000 of 8% bonds that pay interest semiannually on December 31 and June 30. The bond issue price is $2,850,000 and the market rate of interest for similar bonds is 9%. The bond premium or discount is being amortized at a rate of $8,333 every six months. The amount of interest expense recognized by ABC Company on the bond issue in Year 1 would be: Multiple Choice $279,000. $248,000. S264,666. 5231,334, $132.333