Discount-Mart issued ten thousand $1,000 bonds on January 1, 2018. The bonds have a 10-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds. Payment Effective Interest Decrease in Balance Cash Outstanding Balance 8,640,967 8,686,606 8,734,070 8,783, 433 2 300,000 300,000 300,000 300,000 345,639 347,464 349,363 45,639 47,464 49,363 3 What is the interest expense on the bonds for the year ended December 31, 2019? Multiple Choice O $600,000. 0 $100,700. 49,363 8,783, 433 300,000 What is the interest expense on the bonds for the year ended December 31, 2019? Multiple Choice $600,000 $100,700. $347,464. O $700,700