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Cramer Company sold five-year, 8% bonds on October 1, 2018. The face amount of the bonds was $190,000, while the issue price was $202.000. Interest

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Cramer Company sold five-year, 8% bonds on October 1, 2018. The face amount of the bonds was $190,000, while the issue price was $202.000. Interest is payable on April 1 of each year. The fiscal year of Cramer Company ends on December 31. How much interest expense will Cramer Company report in its December 31, 2018, income statement assume straight-line amortization)? (Do not round intermediate calculations.) Multiple Choice o $3.200 o o o $2,600 WE R

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