A company issued 5-year, 18.00% bonds with a par value of $122.000. The market rate when the bonds were Issued was 17.50%. The company received $124, 567 cash for the bonds. Using the effective interest method, the amount of recorded interest expense for the first semiannual interest period is: $10, 980.00. $21, 960.00. $10.899.61 $21.736.30 $5.490.00