Calculator On January 1, the Elias Corporation issued 10% bonds with a face value of $115,000. The bonds are sold for $112,700. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten 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. Oa. $11,500 Ob. $11,270 Oc. $11,730 Od. $2,300 ho