A corporation issues $1000000, 8%, 5-year bonds on January 1, 2018, for $958000. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2018's adjusting entry is $8400. $88400. $80000. $71600. 00 On January 1, 2018, Waterway Company reported stockholders' equity of $706700. During the year, the company paid dividends of $30600. At December 31, 2018, the amount of stockholders' equity was $825400. What amount of net income or net loss would the company report for 2018? Net income of $149300 Net loss of $30600 Net income of $118700 Net income of $88100