7. Green Corp. issues bonds with a par value of $200,000 on January 1, 2015. The bonds' annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31, The bonds mature in four years. will be recognized over the life of these bonds? The bonds are sold for $188,000. How much total bond interest expense A. 48,000 B. 12,000 C. 60,000 D. 36,000 E. None of these are correct