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Calculator On January 1, Elias Corporation issued 12 % bonds with a face value of $52,000. The bonds are sold for $50,440. The bonds pay

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Calculator On January 1, Elias Corporation issued 12 % bonds with a face value of $52,000. The bonds are sold for $50,440. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is a. $6,396 Ob. $1,560 Oc. $6,240 Od. $520

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