ABC Inc. issued $1,000,000 of 8%, 5-year bonds at 97 on January 1, 2021. 2 points The straight-line method of amortization is used and the bonds pay interest annually on January 1. $430,000 $400,000 $30,000 $ $6000 $80,000 $76,000 $86,000 The amount of bond interest expense that Travis should report on its 2021 income statement What is the total cost of O borrowing thru these bonds