A company issued 10.0%, 5-year bonds with a par value of $190,000. The market rate when the bonds were issued was 11.0%. The company received $182,839.26 cash for the bonds. Using the effective interest method, compute the amount of interest expense for the second semiannual interest period (round to 2 decimals).

A company issued 10.0%, 5-year bonds with a par value of $190,000. The market rate when the bonds were issued was 11.0%. The company received $182,839.26 cash for the bonds. Using the effective interest method, compute the amount of interest expense for the second semiannual interest period (round to 2 decimals). Multiple Choice $9,500.00 O $19,000.00 O $20.142.91. O $10,056.16. $10,086.75