Check my work Required information Annual interest payment $100.000 - 50.000 8.000 Knowledge Check 01 On January 1 Year 1. Duffy Enterprises issued $100,000 in bonds that mature in 10 years. The bonds were issue at face value. The bonds have a stated interest rate of 8% and pay interest once per year on December 31. What is the amount of interest expense recorded on December 31, Year 1? earch