A company issued $150,000 5-year, 6.75% bonds and received $151,707 in cash. The market rate of interest when the bonds were issued was 6.25%. What is the amount of interest expense to be recorded for the first annual interest period if the company uses simplified effective-interest amortization? 9.04 Multiple Choice $10,125.00 $10,240,22 $9,375.00 O $9.481.69