A company issued 10-year, 5.50% bonds with a face value of $100,000. The company received $97,747 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first annual interest period is: Multiple Choice $5,274.70. $5,725.30. $2,253.00. $5,500.00.

A company issued to-year, 5.50% bonds with a tace value of 5100,000 . The compary recelved $97.47 for the bonds. Using the straight-ine method of amortization, the amount of interestexpense for the first annual interest period is Mutipichiche 35.274.70 55.72530 52,25300 54.50000