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Coronado Company received proceeds of $200880 on 10-year, 7% bonds issued on January 1, 2018. The bonds had a face value of $216000, pay interest

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Coronado Company received proceeds of $200880 on 10-year, 7% bonds issued on January 1, 2018. The bonds had a face value of $216000, pay interest annually on January 1, and have a call price of 104. Coronado uses the straight-line method of amortization. What is the amount of interest Coronado must pay the bondholders on January 1, 2019? $13982 $15120 $16320 $13608 Save for Later

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