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If $542,000 of 10% bonds are issued at 98 , the amount of cash received from the sale is a. $531,160 b. $596,200 c. $487,800 d. $542,000 On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $200,000. The bonds are sold for $191,000. The bonds pay interest semiannually on June 30 and December 31 , and the maturity date is December 31,5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is a. $18,200 b. $21,800 c. $10,900 d. $29,000