for exam

Franklin Corporation issues a $50,000, 10% 5-year bond on January 1 for $52.100 Interest is paid semiannually on January 1 and July 1 If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is Select one: O a. 52,710 O b. $2,290 O c. $10,290 O d. $2,500 ho