B & S Corporation sells $100,000, 10%, 10-year bonds for 97 on January 1. Compute the semiannual interest expense recorded on July 1 using the interest method. The market rate is 12%. O $20,000 O $5,820 O $11,640 O None of the choices are correct. $10,000

B \& S Corporation sells $100,000,10%,10-year bonds for 97 on January 1 . Compute the semiannual interest expense recorded on July 1 using the interest method. The market rate is 12%. $20,000$5,820$11,640 None of the choices are correct. $10,000