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Chayenne Company wells $400,000 of 14%, 10 year bonds for 02 613 on April 1, 2016. The market rate of interest on that day is

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Chayenne Company wells $400,000 of 14%, 10 year bonds for 02 613 on April 1, 2016. The market rate of interest on that day is 15.5% Interest is paid each year on Apel 1. The issue price of the bond in $370,452 Cheyenne Company uses the straight line amortization method Thit amount of interest expense for each year will be (Round imanidiary calculations to the nearest whole number) A $64,955 B. $58,955 OC $56,000 OD $19.815 E none of these

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