Franklin Corporation issues $98,000, 10%, five-year bonds on January 1 for $102,400. 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 oa. $3,920 ob. $4,460 C. $7,840 od. $4,360 On January 1, Elias Corporation issued 12% bonds with a face value of $85,000. The bonds are sold for $82,450. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 10 years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is oa. $10,455 ob. $850 C. $2,550 od. $10,200 On January 1 of the current year, Barton Corporation issued 10% bonds with a face value of $98,000. The bonds are sold for $93,100. The bonds pay interest semiannually on June 30 and December 31, and the maturity date is December 31, five years from now. Barton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 is O a. $4,900 ob. $11,270 Oc. $10,780 od. $490