Discount on Bonds Payable becomes: additional interest expense the year the bonds are sold. a reduction in interest expense over the life of the bonds. an asset in the year the bonds are sold. a reduction in interest expense in the year the bonds mature. O additional interest expense over the life of the bonds. Use the following information to answer the next question (set of 2): On July 1, 2017 the following bonds were sold: $600,000 Texana Corporation 5% bonds dated July 1. 2017 and due July 1, 2029. Interest payment dates are 1/1 and 7/1.Price 80 1/2. The bonds will yield a 7.5% return. (Use the straight-line mothod and round all answers to the nearest dollar.) What are the amounts for interest expense for 2017 and cash interest paid to bondholders during 2017? Interest Expense Cash interest paid to bondholders $-0-5-0- $19, 875 $-0- $39.750 $30.000 $4.875 $15.000 $15.000 $15.000