DAVE & E Sammell Company issued $50,600 of 9% bonds with annual Interest payments. The bonds mature in ten years. The bonds were issued at $48,300. Gammell Company uses the straight-line method of amortization. Which of the following statements is incorrect? Multiple Choice The annual increase in the bond book value is $230 The annual interest expense exceeds the annual cash interest payment by $2.30 The market rate of interest exceeded the coupon rate of rest when the bonds were issued The annud interest expenses $4,324