Franklin Corporation issues $91,000, 10%, five-year bonds on January 1 for $95,100. 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 0 a. $4,140 b. $3,640 c. $7,280 Od. $4,050 If $485,000 of 7% bonds are issued at 97, the amount of cash received from the sale is a. $470,450 b. $485,000 C. $518,950 d. $451,050