A corporation issues $500.000, 10%, 5-year bonds on January 1, 2010 for $479,000. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight- line method of amortization of bond discount, the amount of bond interest expense to be recognized on July 1, 2010 is $52, 100. $25,000 $27, 100 $22, 900