A company issued 5 year, 7% bonds with a par value of $100,000. The market rate when

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A company issued 5 year, 7% bonds with a par value of $100,000. The market rate when the bonds were red was 6.6%. The company received $102.105 cash for the bonds. Using the straight-line method, the amount of recorded interest expense for the first semiannual interest periodis: Multiple Choice $1.2000 $3,500.00 5.000 Oo o $3.650.70 $6.63370 O $2,000.00