Content Area On January 1 of the current year, Barton Corporation issued 10%, 5-year bonds with a face value of $104,000. The bonds are sold for $98,800. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, 5 years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the current year ended December 31 is a. $11,440 b. $11,960 c. $520 d. $5,200