A company issued 6.0%, 5-year bonds with a par value of $100,000. The market rate when the bonds were issued was 6.5%. The company received $97,894.40 cash for the bonds. Using the effective interest method, the amount of interest expense for the second semiannual interest period is: Multiple Choice $3,000.00. $3,187.47 $3,181.57 $6,000.00. $6,369,04