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Can you please show how to get the answer of $16,000? On January 1, Yves Company issues $500,000 bonds at 98 . The bonds mature

image text in transcribedCan you please show how to get the answer of $16,000?

On January 1, Yves Company issues $500,000 bonds at 98 . The bonds mature in 5 years and pay 6% interest semi-annually on June 30 and December 31. Yves decides to utilize the straight-line method of amortization. On December 31, year 1, Yves should debit interest expense for $14,000. $15,000 $16,000

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