Brief Exercise 9-12 Calculate interest expense (LO9-6) On January 1, 2018, Lizzy's Lemonade issues 5%, 20-year bonds with a face amount of $100,000 for $88,443, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2018, the first interest payment date? Interest expense